6404 Sherman RdAlfred stationNY14803
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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 Alfred station at 6404 Sherman Rd, Alfred station, NY, 14803 offers a 8.54% rental yield on a $349,900 purchase with $2,489/mo rent. Total monthly income registers $2,489/mo, and a $1,713/mo payment leaves $152/mo available for distribution. Annual cash flow reaches $1,824/yr on $115,992 to close, and return on cash invested stands at 21.48% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,671 over five years. Portfolio math shows five-year ROI at 111.95% and total cumulative return in cash at $129,858. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,489/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2010
20.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14803, Alfred Station, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 680 (100%) |
| Owner Occupied HU | 356 (52.4%) |
| Renter Occupied HU | 181 (26.6%) |
| Vacant Housing Units | 143 (21.0%) |
| Median Home Value | $138,194 |
| Average Home Value | $176,587 |
Housing Distribution
Address Breakdown
Residential
507
Single Family
507
Multi-Family
0
Businesses
38
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Listed by: Kathy L. Woodruff • Signature Properties
Mls Name: NYSAMLSs
Mls ID: #R1626365