7940 Chestnut Ridge RdGasportNY14067
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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 Gasport at 7940 Chestnut Ridge Rd, Gasport, NY, 14067 offers a 8.46% rental yield on a $515,000 purchase with $3,631/mo rent. Total monthly income registers $3,631/mo, and a $2,521/mo payment leaves $192/mo available for distribution. Annual cash flow reaches $2,299/yr on $169,435 to close, and return on cash invested stands at 21.42% in year one. Equity gained on principal adds $3,323/yr while 5% annual appreciation supports $142,285 over five years. Portfolio math shows five-year ROI at 111.55% and total cumulative return in cash at $189,013. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,631/mo property income against a $2,521/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
9.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14067, Gasport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,227 (100%) |
| Owner Occupied HU | 1,736 (78.0%) |
| Renter Occupied HU | 311 (14.0%) |
| Vacant Housing Units | 180 ( 8.1%) |
| Median Home Value | $233,573 |
| Average Home Value | $273,800 |
Housing Distribution
Address Breakdown
Residential
1,855
Single Family
1,855
Multi-Family
0
Businesses
121
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