15 Reichards Lake RoadWest Sand LakeNY12196
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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 West Sand Lake at 15 Reichards Lake Road, West Sand Lake, NY, 12196 priced at $189,999 converts $1,560/mo rent into $291/mo cash flow after a $930/mo obligation. Total monthly income equals $1,560/mo, and annual cash flow totals $3,494/yr on $62,985 invested. Return on cash invested prints 25.46% in year one, and rental yield reads 9.85% against a $189,999 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation compiles into $52,493 by year five. Five-year ROI reaches 133.31% and total cumulative return in cash sums $83,964. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,560/mo property income covering a $930/mo payment, not borrower’s personal income.
Single Family
Built in 1948
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12196, West Sand Lake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,236 (100%) |
| Owner Occupied HU | 963 (77.9%) |
| Renter Occupied HU | 206 (16.7%) |
| Vacant Housing Units | 67 ( 5.4%) |
| Median Home Value | $463,270 |
| Average Home Value | $457,645 |
Housing Distribution
Address Breakdown
Residential
1,073
Single Family
1,073
Multi-Family
0
Businesses
104
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Listed by: Nick Maio • McCurdy Real Estate Group, Inc
Mls Name: Global MLS
Mls Provider:
Mls ID: #202428310
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Judy Moriarty, Zillow, Inc., Corp. Broker