16 Leisure LnFreevilleNY13068
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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 Freeville at 16 Leisure Ln, Freeville, NY, 13068 priced at $303,486 converts $2,848/mo rent into $822/mo cash flow after a $1,485/mo obligation. Total monthly income equals $2,848/mo, and annual cash flow totals $9,861/yr on $100,606 invested. Return on cash invested prints 29.71% in year one, and rental yield reads 11.26% against a $303,486 entry. Equity gained on principal adds $1,958/yr, while 5% annual appreciation compiles into $83,848 by year five. Five-year ROI reaches 156.05% and total cumulative return in cash sums $156,998. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,848/mo property income covering a $1,485/mo payment, not borrower’s personal income.
Single Family
Built in 1993
1.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13068, Freeville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,574 (100%) |
| Owner Occupied HU | 1,636 (63.6%) |
| Renter Occupied HU | 741 (28.8%) |
| Vacant Housing Units | 197 ( 7.7%) |
| Median Home Value | $270,044 |
| Average Home Value | $339,982 |
Housing Distribution
Address Breakdown
Residential
2,247
Single Family
2,173
Multi-Family
74
Businesses
68
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