1187 Ridge RdLansingNY14882
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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
Investment property for sale in Lansing at 1187 Ridge Rd, Lansing, NY, 14882 listed at $290,000 pairs $2,520/mo rent with a $1,419/mo payment to leave $584/mo cash flow. Total monthly income runs $2,520/mo, and annual cash flow reaches $7,006/yr on $96,135 cash to close. Return on cash invested measures 27.2% in year one, and rental yield registers 10.43% at a $290,000 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,122 by year five. Five-year ROI tracks 142.55% and total cumulative return in cash totals $137,044. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,520/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1945
9.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14882, Lansing, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,967 (100%) |
| Owner Occupied HU | 1,252 (63.7%) |
| Renter Occupied HU | 452 (23.0%) |
| Vacant Housing Units | 263 (13.4%) |
| Median Home Value | $353,425 |
| Average Home Value | $490,954 |
Housing Distribution
Address Breakdown
Residential
1,762
Single Family
1,722
Multi-Family
40
Businesses
127
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Listed by: Charla Hayes • Howard Hanna S Tier Inc
Mls Name: ITMLS
Mls Provider:
Mls ID: #R1556190
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