8890 Candlewood LnClarence CenterNY14032
Nearby investment properties with comparable rents
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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 Clarence Center at 8890 Candlewood Ln, Clarence Center, NY, 14032 offers $2,915/mo rent that, after a $2,459/mo payment. Total monthly income is $2,915/mo. Return on cash invested measures 16.87% in year one, and rental yield stands at 6.96% at a $502,500 entry. Equity gained on principal adds $3,243/yr while 5% annual appreciation compounds into $138,831 by year five. Five-year ROI records 87.13% and total cumulative return in cash reaches $144,049. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,915/mo property income versus a $2,459/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14032, Clarence Center, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,352 (100%) |
| Owner Occupied HU | 2,845 (84.9%) |
| Renter Occupied HU | 348 (10.4%) |
| Vacant Housing Units | 159 ( 4.7%) |
| Median Home Value | $492,004 |
| Average Home Value | $498,253 |
Housing Distribution
Address Breakdown
Residential
3,267
Single Family
3,146
Multi-Family
121
Businesses
221
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Listed by: N/A • N/A
Mls Name: HUNT ERA Real Estate
Mls ID: #B1604741