6093 Park TerCherry CreekNY14723
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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
Investment property for sale in Cherry Creek at 6093 Park Ter, Cherry Creek, NY, 14723 offers a 0% rental yield on a $227,500 purchase with $0/mo rent. 26% in year one. Equity gained on principal adds $1,468/yr while 5% annual appreciation supports $62,854 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $1,114/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14723, Cherry Creek, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 601 (100%) |
| Owner Occupied HU | 370 (61.6%) |
| Renter Occupied HU | 98 (16.3%) |
| Vacant Housing Units | 133 (22.1%) |
| Median Home Value | $153,750 |
| Average Home Value | $156,277 |
Housing Distribution
Address Breakdown
Residential
451
Single Family
451
Multi-Family
0
Businesses
35
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Listed by: Richard McMahon • Real Estate Advantage
Mls Name: NYSAMLSs
Mls ID: #R1625054