8 Balsam DrSpencerportNY14559
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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 Spencerport at 8 Balsam Dr, Spencerport, NY, 14559 with 5% annual appreciation on a $450,000 basis while $3,354/mo rent supports operations. Total monthly income totals $3,354/mo and a $2,203/mo payment preserves $349/mo for cash returns. Annual cash flow comes to $4,182/yr on $149,175 deployed, and return on cash invested reaches 22.71% in year one. Equity gained on principal adds $2,904/yr, and five-year appreciation sums $124,327 alongside rental yield of 8.94%. Five-year ROI measures 118.53% and total cumulative return in cash totals $176,814.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,354/mo property income versus a $2,203/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2006
3.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14559, Spencerport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,327 (100%) |
| Owner Occupied HU | 5,435 (74.2%) |
| Renter Occupied HU | 1,643 (22.4%) |
| Vacant Housing Units | 249 ( 3.4%) |
| Median Home Value | $284,742 |
| Average Home Value | $316,000 |
Housing Distribution
Address Breakdown
Residential
7,273
Single Family
6,993
Multi-Family
280
Businesses
432
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Listed by: Don T. Simonetti Jr. • Howard Hanna
Mls Name: NYSAMLSs
Mls ID: #R1646662