172 Lake RoadBerneNY12023
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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 Berne at 172 Lake Road, Berne, NY, 12023 listed at $274,898 pairs $2,586/mo rent with a $1,345/mo payment to leave $751/mo cash flow. Total monthly income runs $2,586/mo, and annual cash flow reaches $9,009/yr on $91,129 cash to close. Return on cash invested measures 29.8% in year one, and rental yield registers 11.29% at a $274,898 basis. Equity gained on principal adds $1,774/yr, and annual property appreciation at 5% supports $75,949 by year five. Five-year ROI tracks 156.49% and total cumulative return in cash totals $142,611. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,586/mo property income relative to a $1,345/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1949
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12023, Berne, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 994 (100%) |
| Owner Occupied HU | 684 (68.8%) |
| Renter Occupied HU | 103 (10.4%) |
| Vacant Housing Units | 207 (20.8%) |
| Median Home Value | $285,841 |
| Average Home Value | $306,787 |
Housing Distribution
Address Breakdown
Residential
904
Single Family
904
Multi-Family
0
Businesses
30
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