10 E Lake RdHamiltonNY13346
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 Hamilton at 10 E Lake Rd, Hamilton, NY, 13346 offers $3,464/mo rent that, after a $1,933/mo payment, leaves $827/mo cash flow. Total monthly income is $3,464/mo, and annual cash flow is $9,919/yr on $130,943 cash. Return on cash invested measures 27.48% in year one, and rental yield stands at 10.52% at a $395,000 entry. Equity gained on principal adds $2,549/yr while 5% annual appreciation compounds into $109,131 by year five. Five-year ROI records 144.11% and total cumulative return in cash reaches $188,706. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,464/mo property income versus a $1,933/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
0.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13346, Hamilton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,144 (100%) |
| Owner Occupied HU | 1,139 (53.1%) |
| Renter Occupied HU | 537 (25.0%) |
| Vacant Housing Units | 468 (21.8%) |
| Median Home Value | $276,869 |
| Average Home Value | $339,098 |
Housing Distribution
Address Breakdown
Residential
1,802
Single Family
1,729
Multi-Family
73
Businesses
201
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