9043 Otto East Otto RdCattaraugusNY14719
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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
Investment property for sale in Cattaraugus at 9043 Otto East Otto Rd, Cattaraugus, NY, 14719 uses $69,449 cash to close to unlock $1,061/yr annual cash flow and $88/mo monthly cash flow. Total monthly income runs $1,487/mo, and a $1,025/mo payment keeps the spread at $88/mo. Purchase price stands at $209,500, and rental yield measures 8.52% with $1,487/mo rent. Return on cash invested shows 21.44% in year one, and 5% annual appreciation builds toward $57,881 over five years. Five-year ROI reaches 111.71% and total cumulative return in cash records $77,583. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,487/mo property income covering a $1,025/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14719, Cattaraugus, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,747 (100%) |
| Owner Occupied HU | 1,179 (67.5%) |
| Renter Occupied HU | 220 (12.6%) |
| Vacant Housing Units | 348 (19.9%) |
| Median Home Value | $127,833 |
| Average Home Value | $175,691 |
Housing Distribution
Address Breakdown
Residential
1,387
Single Family
1,363
Multi-Family
24
Businesses
55
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Listed by: Tonya Studley • ERA Team VP Real Estate
Mls Name: NYSAMLSs
Mls ID: #R1622178