62 Clearview DrSpencerportNY14559
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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 62 Clearview Dr, Spencerport, NY, 14559 generates $1,832/mo in rent and, after a $1,272/mo payment, leaves $97/mo in cash flow. Total monthly income is $1,832/mo, and annual cash flow is $1,158/yr on $86,157 invested. Return on cash invested sits at 21.25% in year one, and rental yield is 8.46% on a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 110.7% and total cumulative return in cash sums $95,374. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,832/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.51 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: Jeremias R. Maneiro • RE/MAX Realty Group
Mls Name: NYSAMLSs
Mls ID: #R1646550