6383 Northwood DrEllicottvilleNY14731
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 Ellicottville at 6383 Northwood Dr, Ellicottville, NY, 14731 listed at $895,000 pairs $4,705/mo rent with a $4,381/mo payment. Total monthly income runs $4,705/mo. Return on cash invested measures 14.88% in year one, and rental yield registers 6.31% at a $895,000 basis. Equity gained on principal adds $5,775/yr, and annual property appreciation at 5% supports $247,272 by year five. Five-year ROI tracks 76.46% and total cumulative return in cash totals $225,146. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,705/mo property income relative to a $4,381/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14731, Ellicottville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,479 (100%) |
| Owner Occupied HU | 481 (19.4%) |
| Renter Occupied HU | 153 ( 6.2%) |
| Vacant Housing Units | 1,845 (74.4%) |
| Median Home Value | $298,684 |
| Average Home Value | $336,845 |
Housing Distribution
Address Breakdown
Residential
500
Single Family
405
Multi-Family
95
Businesses
163
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David A Blanchard • Keller Williams Realty Lancaster
Mls Name: NYSAMLSs
Mls ID: #B1632792