12 Fairmount AveLakewoodNY14750
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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 Lakewood at 12 Fairmount Ave, Lakewood, NY, 14750 priced at $150,000 pairs $1,136/mo rent with $135/mo cash flow after a $734/mo payment. Total monthly income equals $1,136/mo, and annual cash flow comes to $1,614/yr on $49,725 invested. Return on cash invested is 23.15% in year one, and rental yield stands at 9.09% on a $150,000 basis. Equity gained on principal adds $968/yr, and 5% annual appreciation accumulates to $41,442 by year five. Five-year ROI measures 120.97% and total cumulative return in cash reaches $60,150. For financing, Ziffy Mortgage’s DSCR program evaluates $1,136/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14750, Lakewood, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,520 (100%) |
| Owner Occupied HU | 1,422 (56.4%) |
| Renter Occupied HU | 639 (25.4%) |
| Vacant Housing Units | 459 (18.2%) |
| Median Home Value | $191,549 |
| Average Home Value | $267,825 |
Housing Distribution
Address Breakdown
Residential
2,398
Single Family
2,112
Multi-Family
286
Businesses
296
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