591 Candor RdSpencerNY14883
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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 Spencer at 591 Candor Rd, Spencer, NY, 14883 offers $1,271/mo rent that, after a $1,424/mo payment. Total monthly income is $1,271/mo. Return on cash invested measures 11.55% in year one, and rental yield stands at 5.24% at a $291,000 entry. Equity gained on principal adds $1,878/yr while 5% annual appreciation compounds into $80,398 by year five. Five-year ROI records 58.71% and total cumulative return in cash reaches $56,634. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,271/mo property income versus a $1,424/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
17.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14883, Spencer, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,715 (100%) |
| Owner Occupied HU | 1,140 (66.5%) |
| Renter Occupied HU | 383 (22.3%) |
| Vacant Housing Units | 192 (11.2%) |
| Median Home Value | $191,905 |
| Average Home Value | $236,441 |
Housing Distribution
Address Breakdown
Residential
1,633
Single Family
1,621
Multi-Family
12
Businesses
84
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Listed by: Suzanne Powers • RE/MAX In Motion
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1616419
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