8660 Oramel Hill Rd #13CaneadeaNY14717
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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 Caneadea at 8660 Oramel Hill Rd #13, Caneadea, NY, 14717 generates $2,032/mo in rent, after a $1,806/mo payment. Total monthly income is $2,032/mo. Return on cash invested sits at 15.67% in year one, and rental yield is 6.61% on a $369,000 entry. Equity gained on principal adds $2,381/yr, while 5% annual appreciation builds toward $101,948 over five years. Five-year ROI reaches 80.75% and total cumulative return in cash sums $98,775. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,032/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
61.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14717, Caneadea, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 972 (100%) |
| Owner Occupied HU | 298 (30.7%) |
| Renter Occupied HU | 68 ( 7.0%) |
| Vacant Housing Units | 606 (62.3%) |
| Median Home Value | $131,250 |
| Average Home Value | $209,966 |
Housing Distribution
Address Breakdown
Residential
372
Single Family
371
Multi-Family
1
Businesses
15
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Listed by: Melanie Rogers • Howard Hanna WNY Inc.
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #B1614282
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