7341 Mountain Gate 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 7341 Mountain Gate Rd, Ellicottville, NY, 14731 generates $2,654/mo in rent, after a $2,423/mo payment. Total monthly income is $2,654/mo. Return on cash invested sits at 15.14% in year one, and rental yield is 6.43% on a $495,000 entry. Equity gained on principal adds $3,194/yr, while 5% annual appreciation builds toward $136,759 over five years. Five-year ROI reaches 77.95% and total cumulative return in cash sums $127,906. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,654/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
5.01 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: David A Blanchard • Keller Williams Realty Lancaster
Mls Name: NYSAMLSs
Mls ID: #B1630367