8A SunEllicottvilleNY14731
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 Ellicottville at 8A Sun, Ellicottville, NY, 14731 priced at $155,000 pairs $1,221/mo rent with $186/mo cash flow after a $759/mo payment. Total monthly income equals $1,221/mo, and annual cash flow comes to $2,227/yr on $51,383 invested. Return on cash invested is 24.24% in year one, and rental yield stands at 9.45% on a $155,000 basis. Equity gained on principal adds $1,000/yr, and 5% annual appreciation accumulates to $42,824 by year five. Five-year ROI measures 126.77% and total cumulative return in cash reaches $65,140. For financing, Ziffy Mortgage’s DSCR program evaluates $1,221/mo property income against a $759/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1995
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14731, Ellicottville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,479 (100%) |
| Owner Occupied HU | 481 (19.4%) |
| Renter Occupied HU | 153 ( 6.2%) |
| Vacant Housing Units | 1,845 (74.4%) |
| Median Home Value | $298,684 |
| Average Home Value | $336,845 |
Housing Distribution
Address Breakdown
Residential
500
Single Family
405
Multi-Family
95
Businesses
163
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Listed by: Caitlin H Croft • Iconic Real Estate
Mls Name: NYSAMLSs
Mls ID: #B1654116