9 Wood StCanandaiguaNY14424
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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 Canandaigua at 9 Wood St, Canandaigua, NY, 14424 priced at $260,000 converts $1,790/mo rent into $53/mo cash flow after a $1,273/mo obligation. Total monthly income equals $1,790/mo, and annual cash flow totals $640/yr on $86,190 invested. Return on cash invested prints 20.65% in year one, and rental yield reads 8.26% against a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation compiles into $71,833 by year five. Five-year ROI reaches 107.5% and total cumulative return in cash sums $92,657. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,790/mo property income covering a $1,273/mo payment, not borrower’s personal income.
Single Family
Built in 1850
6,507 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14424, Canandaigua, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,084 (100%) |
| Owner Occupied HU | 8,272 (54.8%) |
| Renter Occupied HU | 4,612 (30.6%) |
| Vacant Housing Units | 2,200 (14.6%) |
| Median Home Value | $322,166 |
| Average Home Value | $405,626 |
Housing Distribution
Address Breakdown
Residential
13,646
Single Family
11,910
Multi-Family
1,736
Businesses
1,045
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