7062 Olean RdSouth WalesNY14139
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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 South Wales at 7062 Olean Rd, South Wales, NY, 14139 generates $2,422/mo in rent and, after a $1,321/mo payment, leaves $620/mo in cash flow. Total monthly income is $2,422/mo, and annual cash flow is $7,436/yr on $89,472 invested. Return on cash invested sits at 28.22% in year one, and rental yield is 10.77% on a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 148.06% and total cumulative return in cash sums $132,474. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,422/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14139, South Wales, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 929 (100%) |
| Owner Occupied HU | 751 (80.8%) |
| Renter Occupied HU | 113 (12.2%) |
| Vacant Housing Units | 65 ( 7.0%) |
| Median Home Value | $299,824 |
| Average Home Value | $342,553 |
Housing Distribution
Address Breakdown
Residential
923
Single Family
923
Multi-Family
0
Businesses
51
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Listed by: Frances D Brania • Howard Hanna WNY Inc.
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #B1629271
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