1705 Lancelot PlSkaneatelesNY13152
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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
Investment property for sale in Skaneateles at 1705 Lancelot Pl, Skaneateles, NY, 13152 offers a 13.58% rental yield on a $485,000 purchase with $5,490/mo rent. Total monthly income registers $5,490/mo, and a $2,374/mo payment leaves $2,251/mo available for distribution. Annual cash flow reaches $27,013/yr on $160,778 to close, and return on cash invested stands at 36.71% in year one. Equity gained on principal adds $3,130/yr while 5% annual appreciation supports $133,997 over five years. Portfolio math shows five-year ROI at 193.6% and total cumulative return in cash at $311,270. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,490/mo property income against a $2,374/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13152, Skaneateles, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,446 (100%) |
| Owner Occupied HU | 2,756 (62.0%) |
| Renter Occupied HU | 576 (13.0%) |
| Vacant Housing Units | 1,114 (25.1%) |
| Median Home Value | $466,392 |
| Average Home Value | $546,109 |
Housing Distribution
Address Breakdown
Residential
3,582
Single Family
3,426
Multi-Family
156
Businesses
375
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Listed by: Christine Kinder • Berkshire Hathaway CNY Realty
Mls Name: NYSAMLSs
Mls ID: #S1621021