982 Wheelock RdKennedyNY14747
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 Kennedy at 982 Wheelock Rd, Kennedy, NY, 14747 priced at $274,500 converts $2,269/mo rent into $435/mo cash flow after a $1,344/mo obligation. Total monthly income equals $2,269/mo, and annual cash flow totals $5,226/yr on $90,997 invested. Return on cash invested prints 25.65% in year one, and rental yield reads 9.92% against a $274,500 entry. Equity gained on principal adds $1,771/yr, while 5% annual appreciation compiles into $75,839 by year five. Five-year ROI reaches 134.31% and total cumulative return in cash sums $122,218. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,269/mo property income covering a $1,344/mo payment, not borrower’s personal income.
Single Family
Built in 1924
9.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14747, Kennedy, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,038 (100%) |
| Owner Occupied HU | 732 (70.5%) |
| Renter Occupied HU | 155 (14.9%) |
| Vacant Housing Units | 151 (14.5%) |
| Median Home Value | $112,054 |
| Average Home Value | $155,622 |
Housing Distribution
Address Breakdown
Residential
889
Single Family
889
Multi-Family
0
Businesses
30
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amy Garris • Real Estate Advantage
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1570694
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, UNYREIS and WNYREIS. Real estate listings held by firms other than Zillow, Inc. are marked with the IDX logo and include the Listing Brokers Firm Name. Listing Data last updated at 2024-11-11 06:50:47 PST. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. 2024 CNYIS, UNYREIS, WNYREIS. All rights reserved.