163 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 163 Ridge Rd, Lansing, NY, 14882 priced at $609,200 converts $2,071/mo rent into after a $2,982/mo obligation. Total monthly income equals $2,071/mo. Return on cash invested prints 8.1% in year one, and rental yield reads 4.08% against a $609,200 entry. Equity gained on principal adds $3,931/yr, while 5% annual appreciation compiles into $168,311 by year five. Five-year ROI reaches 40.14% and total cumulative return in cash sums $80,456. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,071/mo property income covering a $2,982/mo payment, not borrower’s personal income.
Single Family
Built in 1966
0.75 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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