8 Terrace StWestfieldNY14787
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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 Westfield at 8 Terrace St, Westfield, NY, 14787 priced at $149,000 converts $1,050/mo rent into $55/mo cash flow after a $729/mo obligation. Total monthly income equals $1,050/mo, and annual cash flow totals $663/yr on $49,394 invested. Return on cash invested prints 21.25% in year one, and rental yield reads 8.46% against a $149,000 entry. Equity gained on principal adds $961/yr, while 5% annual appreciation compiles into $41,166 by year five. Five-year ROI reaches 110.77% and total cumulative return in cash sums $54,712. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,050/mo property income covering a $729/mo payment, not borrower’s personal income.
Single Family
Built in 1900
6,133 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14787, Westfield, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,608 (100%) |
| Owner Occupied HU | 1,550 (59.4%) |
| Renter Occupied HU | 527 (20.2%) |
| Vacant Housing Units | 531 (20.4%) |
| Median Home Value | $158,824 |
| Average Home Value | $193,263 |
Housing Distribution
Address Breakdown
Residential
2,234
Single Family
2,182
Multi-Family
52
Businesses
226
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Listed by: Brandi Russo • Howard Hanna Holt - Mayville
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1609139
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