8483 N Otto RdCattaraugusNY14719
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Cattaraugus at 8483 N Otto Rd, Cattaraugus, NY, 14719 generates $2,296/mo in rent, after a $2,007/mo payment. Total monthly income is $2,296/mo. Return on cash invested sits at 16.01% in year one, and rental yield is 6.72% on a $410,000 entry. Equity gained on principal adds $2,646/yr, while 5% annual appreciation builds toward $113,275 over five years. Five-year ROI reaches 82.55% and total cumulative return in cash sums $112,199. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,296/mo property income rather than buyer’s personal income.
Single Family
Built in 1880
26.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14719, Cattaraugus, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,747 (100%) |
| Owner Occupied HU | 1,179 (67.5%) |
| Renter Occupied HU | 220 (12.6%) |
| Vacant Housing Units | 348 (19.9%) |
| Median Home Value | $127,833 |
| Average Home Value | $175,691 |
Housing Distribution
Address Breakdown
Residential
1,387
Single Family
1,363
Multi-Family
24
Businesses
55
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Wendellyn K O'Neil • RE/MAX On Point
Mls Name: NYSAMLSs
Mls ID: #B1653093