56 Jefferson StEllicottvilleNY14731
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Ellicottville at 56 Jefferson St, Ellicottville, NY, 14731 priced at $549,000 pairs $3,349/mo rent with after a $2,687/mo payment. Total monthly income equals $3,349/mo. Return on cash invested is 17.95% in year one, and rental yield stands at 7.32% on a $549,000 basis. Equity gained on principal adds $3,543/yr, and 5% annual appreciation accumulates to $151,679 by year five. Five-year ROI measures 92.96% and total cumulative return in cash reaches $167,912. For financing, Ziffy Mortgage’s DSCR program evaluates $3,349/mo property income against a $2,687/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1925
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14731, Ellicottville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,479 (100%) |
| Owner Occupied HU | 481 (19.4%) |
| Renter Occupied HU | 153 ( 6.2%) |
| Vacant Housing Units | 1,845 (74.4%) |
| Median Home Value | $298,684 |
| Average Home Value | $336,845 |
Housing Distribution
Address Breakdown
Residential
500
Single Family
405
Multi-Family
95
Businesses
163
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Listed by: Lauren Arnone • WNY Metro Roberts Realty
Mls Name: NYSAMLSs
Mls ID: #B1643581