624 Plank RdMacedonNY14502
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Macedon at 624 Plank Rd, Macedon, NY, 14502 offers a 9.14% rental yield on a $189,900 purchase with $1,446/mo rent. Total monthly income registers $1,446/mo, and a $929/mo payment leaves $178/mo available for distribution. Annual cash flow reaches $2,140/yr on $62,952 to close, and return on cash invested stands at 23.31% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 121.76% and total cumulative return in cash at $76,649. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,446/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14502, Macedon, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,842 (100%) |
| Owner Occupied HU | 3,608 (74.5%) |
| Renter Occupied HU | 962 (19.9%) |
| Vacant Housing Units | 272 ( 5.6%) |
| Median Home Value | $246,134 |
| Average Home Value | $251,621 |
Housing Distribution
Address Breakdown
Residential
4,397
Single Family
4,182
Multi-Family
215
Businesses
340
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices