7724 Banks RdGainesvilleNY14066
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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 Gainesville at 7724 Banks Rd, Gainesville, NY, 14066 offers a 4.75% rental yield on a $949,900 purchase with $3,763/mo rent. 15% in year one. Equity gained on principal adds $6,130/yr while 5% annual appreciation supports $262,440 over five years. Portfolio math shows five-year ROI at 51.15% and total cumulative return in cash at $159,858. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,763/mo property income against a $4,649/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
47.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14066, Gainesville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 678 (100%) |
| Owner Occupied HU | 495 (73.0%) |
| Renter Occupied HU | 96 (14.2%) |
| Vacant Housing Units | 87 (12.8%) |
| Median Home Value | $164,258 |
| Average Home Value | $208,000 |
Housing Distribution
Address Breakdown
Residential
345
Single Family
345
Multi-Family
0
Businesses
20
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Listed by: Paul Vaicunas • WHITETAIL PROPERTIES REAL ESTATE LLC (NY)
Mls Name: NY State MLS
Mls ID: #11557314