10129 E Lake RdHammondsportNY14840
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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 Hammondsport at 10129 E Lake Rd, Hammondsport, NY, 14840 generates $2,221/mo in rent, after a $4,038/mo payment. Total monthly income is $2,221/mo. Return on cash invested sits at 5.52% in year one, and rental yield is 3.23% on a $825,000 entry. Equity gained on principal adds $5,324/yr, while 5% annual appreciation builds toward $227,932 over five years. Five-year ROI reaches 26.3% and total cumulative return in cash sums $71,397. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,221/mo property income rather than buyer’s personal income.
Home Type Unknown
Built in 1985
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14840, Hammondsport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,897 (100%) |
| Owner Occupied HU | 1,129 (39.0%) |
| Renter Occupied HU | 240 ( 8.3%) |
| Vacant Housing Units | 1,528 (52.7%) |
| Median Home Value | $326,471 |
| Average Home Value | $395,569 |
Housing Distribution
Address Breakdown
Residential
1,764
Single Family
1,743
Multi-Family
21
Businesses
114
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Listed by: N/A • N/A
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