LOT 5 42 Degrees NEllicottvilleNY14731
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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 Ellicottville at LOT 5 42 Degrees N, Ellicottville, NY, 14731 priced at $750,000 converts $4,199/mo rent into after a $3,671/mo obligation. Total monthly income equals $4,199/mo. Return on cash invested prints 16.12% in year one, and rental yield reads 6.72% against a $750,000 entry. Equity gained on principal adds $4,840/yr, while 5% annual appreciation compiles into $207,211 by year five. Five-year ROI reaches 83.16% and total cumulative return in cash sums $205,194. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,199/mo property income covering a $3,671/mo payment, not borrower’s personal income.
Single Family
Built in N/A
5.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14731, Ellicottville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,479 (100%) |
| Owner Occupied HU | 481 (19.4%) |
| Renter Occupied HU | 153 ( 6.2%) |
| Vacant Housing Units | 1,845 (74.4%) |
| Median Home Value | $298,684 |
| Average Home Value | $336,845 |
Housing Distribution
Address Breakdown
Residential
500
Single Family
405
Multi-Family
95
Businesses
163
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Listed by: David A Blanchard • Keller Williams Realty Lancaster
Mls Name: NYSAMLSs
Mls ID: #B1652525