76-78 Summit StFairportNY14450
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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 Fairport at 76-78 Summit St, Fairport, NY, 14450 listed at $485,000 pairs $2,350/mo rent with a $2,374/mo payment. Total monthly income runs $2,350/mo. Return on cash invested measures 13.27% in year one, and rental yield registers 5.81% at a $485,000 basis. Equity gained on principal adds $3,130/yr, and annual property appreciation at 5% supports $133,997 by year five. Five-year ROI tracks 67.92% and total cumulative return in cash totals $109,202. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,350/mo property income relative to a $2,374/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1971
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14450, Fairport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,346 (100%) |
| Owner Occupied HU | 13,786 (71.3%) |
| Renter Occupied HU | 4,725 (24.4%) |
| Vacant Housing Units | 835 ( 4.3%) |
| Median Home Value | $309,271 |
| Average Home Value | $347,094 |
Housing Distribution
Address Breakdown
Residential
18,461
Single Family
16,609
Multi-Family
1,852
Businesses
1,023
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Listed by: Kathleen Bassage • Howard Hanna
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1640106
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