9 Parham DrPenfieldNY14526
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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 Penfield at 9 Parham Dr, Penfield, NY, 14526 priced at $599,900 converts $4,144/mo rent into $138/mo cash flow after a $2,936/mo obligation. Total monthly income equals $4,144/mo, and annual cash flow totals $1,658/yr on $197,367 invested. Return on cash invested prints 20.9% in year one, and rental yield reads 8.29% against a $599,900 entry. Equity gained on principal adds $3,871/yr, while 5% annual appreciation compiles into $165,741 by year five. Five-year ROI reaches 108.79% and total cumulative return in cash sums $214,708. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,144/mo property income covering a $2,936/mo payment, not borrower’s personal income.
Single Family
Built in 1994
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14526, Penfield, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,644 (100%) |
| Owner Occupied HU | 6,992 (80.9%) |
| Renter Occupied HU | 1,392 (16.1%) |
| Vacant Housing Units | 260 ( 3.0%) |
| Median Home Value | $291,743 |
| Average Home Value | $327,733 |
Housing Distribution
Address Breakdown
Residential
8,783
Single Family
8,040
Multi-Family
743
Businesses
494
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