77 Gannett RdFarmingtonNY14425
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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 Farmington at 77 Gannett Rd, Farmington, NY, 14425 priced at $195,000 converts $1,500/mo rent into $198/mo cash flow after a $954/mo obligation. Total monthly income equals $1,500/mo, and annual cash flow totals $2,379/yr on $64,643 invested. Return on cash invested prints 23.59% in year one, and rental yield reads 9.23% against a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation compiles into $53,875 by year five. Five-year ROI reaches 123.26% and total cumulative return in cash sums $79,678. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,500/mo property income covering a $954/mo payment, not borrower’s personal income.
Single Family
Built in 1972
10,628 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14425, Farmington, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,813 (100%) |
| Owner Occupied HU | 3,773 (64.9%) |
| Renter Occupied HU | 1,732 (29.8%) |
| Vacant Housing Units | 308 ( 5.3%) |
| Median Home Value | $234,313 |
| Average Home Value | $260,187 |
Housing Distribution
Address Breakdown
Residential
5,729
Single Family
5,228
Multi-Family
501
Businesses
205
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Listed by: Andrea J. Turner • Rise Real Estate Services LLC
Mls Name: NYSAMLSs
Mls ID: #R1656109