18 Lakeview Ct #NElmaNY14059
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Elma at 18 Lakeview Ct #N, Elma, NY, 14059 offers a 3.2% rental yield on a $584,500 purchase with $1,560/mo rent. 44% in year one. Equity gained on principal adds $3,772/yr while 5% annual appreciation supports $161,487 over five years. Portfolio math shows five-year ROI at 25.86% and total cumulative return in cash at $49,721. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,560/mo property income against a $2,861/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2015
4,573 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14059, Elma, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,097 (100%) |
| Owner Occupied HU | 3,420 (83.5%) |
| Renter Occupied HU | 469 (11.4%) |
| Vacant Housing Units | 208 ( 5.1%) |
| Median Home Value | $408,712 |
| Average Home Value | $462,518 |
Housing Distribution
Address Breakdown
Residential
3,883
Single Family
3,763
Multi-Family
120
Businesses
338
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices