84 Nichols AveWestfieldNY14787
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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 Westfield at 84 Nichols Ave, Westfield, NY, 14787 offers a 9.16% rental yield on a $177,500 purchase with $1,355/mo rent. Total monthly income registers $1,355/mo, and a $869/mo payment leaves $169/mo available for distribution. Annual cash flow reaches $2,034/yr on $58,841 to close, and return on cash invested stands at 23.36% in year one. Equity gained on principal adds $1,145/yr while 5% annual appreciation supports $49,040 over five years. Portfolio math shows five-year ROI at 122.06% and total cumulative return in cash at $71,820. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,355/mo property income against a $869/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.63 Acres 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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