7374 Wyers Point RdOvidNY14521
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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 Ovid at 7374 Wyers Point Rd, Ovid, NY, 14521 generates $3,114/mo in rent, after a $3,915/mo payment. Total monthly income is $3,114/mo. Return on cash invested sits at 9.9% in year one, and rental yield is 4.67% on a $799,900 entry. Equity gained on principal adds $5,162/yr, while 5% annual appreciation builds toward $220,998 over five years. Five-year ROI reaches 49.8% and total cumulative return in cash sums $131,064. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,114/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
1.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14521, Ovid, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,493 (100%) |
| Owner Occupied HU | 820 (54.9%) |
| Renter Occupied HU | 332 (22.2%) |
| Vacant Housing Units | 341 (22.8%) |
| Median Home Value | $205,556 |
| Average Home Value | $302,802 |
Housing Distribution
Address Breakdown
Residential
1,029
Single Family
991
Multi-Family
38
Businesses
95
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