9688 Carmelo CtClarence CenterNY14032
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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 Clarence Center at 9688 Carmelo Ct, Clarence Center, NY, 14032 offers a 8.27% rental yield on a $825,000 purchase with $5,684/mo rent. Total monthly income registers $5,684/mo, and a $4,038/mo payment leaves $175/mo available for distribution. Annual cash flow reaches $2,097/yr on $271,425 to close, and return on cash invested stands at 20.83% in year one. Equity gained on principal adds $5,324/yr while 5% annual appreciation supports $227,932 over five years. Portfolio math shows five-year ROI at 108.41% and total cumulative return in cash at $294,249. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,684/mo property income against a $4,038/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
0.58 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: Chaya Adelman • Arrowhead Property Management, LLC
Mls Name: NYSAMLSs
Mls ID: #B1653602