585 Chambers StSpencerportNY14559
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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 Spencerport at 585 Chambers St, Spencerport, NY, 14559 offers $3,497/mo rent that, after a $2,104/mo payment, leaves $626/mo cash flow. Total monthly income is $3,497/mo, and annual cash flow is $7,516/yr on $142,512 cash. Return on cash invested measures 25.18% in year one, and rental yield stands at 9.76% at a $429,900 entry. Equity gained on principal adds $2,774/yr while 5% annual appreciation compounds into $118,773 by year five. Five-year ROI records 131.78% and total cumulative return in cash reaches $187,795. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,497/mo property income versus a $2,104/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
1.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14559, Spencerport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,327 (100%) |
| Owner Occupied HU | 5,435 (74.2%) |
| Renter Occupied HU | 1,643 (22.4%) |
| Vacant Housing Units | 249 ( 3.4%) |
| Median Home Value | $284,742 |
| Average Home Value | $316,000 |
Housing Distribution
Address Breakdown
Residential
7,273
Single Family
6,993
Multi-Family
280
Businesses
432
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Listed by: Scott Barrows • Keller Williams Realty Greater Rochester
Mls Name: NYSAMLSs
Mls ID: #R1640585