6826 Springs RdEllicottvilleNY14731
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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 Ellicottville at 6826 Springs Rd, Ellicottville, NY, 14731 priced at $459,000 converts $2,400/mo rent into after a $2,247/mo obligation. Total monthly income equals $2,400/mo. Return on cash invested prints 14.66% in year one, and rental yield reads 6.27% against a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation compiles into $126,813 by year five. Five-year ROI reaches 75.35% and total cumulative return in cash sums $114,647. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $2,247/mo payment, not borrower’s personal income.
Single Family
Built in 1971
0.57 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
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Listed by: Holly Whitcomb • Howard Hanna Professionals - Ellicottville
Mls Name: NYSAMLSs
Mls ID: #R1640119