1224 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
Rental property for sale in Lansing at 1224 Ridge Rd, Lansing, NY, 14882 priced at $140,000 pairs $2,400/mo rent with $1,465/mo cash flow after a $685/mo payment. Total monthly income equals $2,400/mo, and annual cash flow comes to $17,584/yr on $46,410 invested. Return on cash invested is 57.8% in year one, and rental yield stands at 20.57% on a $140,000 basis. Equity gained on principal adds $903/yr, and 5% annual appreciation accumulates to $38,679 by year five. Five-year ROI measures 306.73% and total cumulative return in cash reaches $142,354. For financing, Ziffy Mortgage’s DSCR program evaluates $2,400/mo property income against a $685/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
2.07 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: Kathleen (Kate) Seaman • Warren Real Estate of Ithaca Inc.
Mls Name: ITMLS
Mls Provider:
Mls ID: #R1559872
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