1216 Richard RdSkaneatelesNY13152
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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 Skaneateles at 1216 Richard Rd, Skaneateles, NY, 13152 listed at $215,000 pairs $2,798/mo rent with a $1,052/mo payment to leave $1,363/mo cash flow. Total monthly income runs $2,798/mo, and annual cash flow reaches $16,351/yr on $71,273 cash to close. Return on cash invested measures 42.85% in year one, and rental yield registers 15.62% at a $215,000 basis. Equity gained on principal adds $1,387/yr, and annual property appreciation at 5% supports $59,401 by year five. Five-year ROI tracks 226.52% and total cumulative return in cash totals $161,449. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,798/mo property income relative to a $1,052/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1962
0.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13152, Skaneateles, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,446 (100%) |
| Owner Occupied HU | 2,756 (62.0%) |
| Renter Occupied HU | 576 (13.0%) |
| Vacant Housing Units | 1,114 (25.1%) |
| Median Home Value | $466,392 |
| Average Home Value | $546,109 |
Housing Distribution
Address Breakdown
Residential
3,582
Single Family
3,426
Multi-Family
156
Businesses
375
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Listed by: Todd Post • Post Realty
Mls Name: NYSAMLSs
Mls ID: #S1643867