62 Lees LndgElmaNY14059
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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 Elma at 62 Lees Lndg, Elma, NY, 14059 earns $75/mo cash flow from $1,744/mo rent with a $1,223/mo payment. Total monthly income totals $1,744/mo, and annual cash flow totals $904/yr on $82,842 capital. ROI tracks 21% on current figures, and rental yield reads 8.37% at a $249,900 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 over five years. Five-year ROI reaches 109.37% and total cumulative return in cash sums $90,602. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,744/mo property income instead of your personal income.
Condo
Built in 1989
1,441 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14059, Elma, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,097 (100%) |
| Owner Occupied HU | 3,420 (83.5%) |
| Renter Occupied HU | 469 (11.4%) |
| Vacant Housing Units | 208 ( 5.1%) |
| Median Home Value | $408,712 |
| Average Home Value | $462,518 |
Housing Distribution
Address Breakdown
Residential
3,883
Single Family
3,763
Multi-Family
120
Businesses
338
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