100 Norris AveLancasterNY14086
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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 Lancaster at 100 Norris Ave, Lancaster, NY, 14086 priced at $239,000 converts $2,209/mo rent into $613/mo cash flow after a $1,170/mo obligation. Total monthly income equals $2,209/mo, and annual cash flow totals $7,353/yr on $79,229 invested. Return on cash invested prints 29.19% in year one, and rental yield reads 11.09% against a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation compiles into $66,031 by year five. Five-year ROI reaches 153.25% and total cumulative return in cash sums $121,416. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,209/mo property income covering a $1,170/mo payment, not borrower’s personal income.
Single Family
Built in 1956
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14086, Lancaster, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,787 (100%) |
| Owner Occupied HU | 11,167 (75.5%) |
| Renter Occupied HU | 3,003 (20.3%) |
| Vacant Housing Units | 617 ( 4.2%) |
| Median Home Value | $322,753 |
| Average Home Value | $368,268 |
Housing Distribution
Address Breakdown
Residential
14,368
Single Family
13,335
Multi-Family
1,033
Businesses
655
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Listed by: Patrick Hannon • Good Carbon Community LLC
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #B1598249
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