586 Ridgeway AveRochesterNY14615
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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 Rochester at 586 Ridgeway Ave, Rochester, NY, 14615 priced at $179,900 converts $1,477/mo rent into $275/mo cash flow after a $881/mo obligation. Total monthly income equals $1,477/mo, and annual cash flow totals $3,302/yr on $59,637 invested. Return on cash invested prints 25.45% in year one, and rental yield reads 9.85% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 133.26% and total cumulative return in cash sums $79,473. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,477/mo property income covering a $881/mo payment, not borrower’s personal income.
Multi Family
Built in 1922
5,209 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14615, Rochester, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,981 (100%) |
| Owner Occupied HU | 3,678 (46.1%) |
| Renter Occupied HU | 3,950 (49.5%) |
| Vacant Housing Units | 353 ( 4.4%) |
| Median Home Value | $150,256 |
| Average Home Value | $187,550 |
Housing Distribution
Address Breakdown
Residential
7,279
Single Family
5,737
Multi-Family
1,542
Businesses
488
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