137 W Summit StLakewoodNY14750
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Nearby investment properties with comparable prices
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 Lakewood at 137 W Summit St, Lakewood, NY, 14750 at $199,900 posts ROI 22.36% with $136/mo cash flow from $1,470/mo rent. Total monthly income equals $1,470/mo, and annual cash flow records $1,626/yr on $66,267 to close. Return on cash invested measures 22.36% and rental yield reads 8.82% at the current $199,900. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,229 by year five. Five-year ROI prints 116.67% and total cumulative return in cash totals $77,317.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,470/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1930
5,000 sqft 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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