180 E Terrace AveLakewoodNY14750
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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 Lakewood at 180 E Terrace Ave, Lakewood, NY, 14750 with 5% annual appreciation on a $219,000 basis while $1,714/mo rent supports operations. Total monthly income totals $1,714/mo and a $1,072/mo payment preserves $251/mo for cash returns. Annual cash flow comes to $3,017/yr on $72,599 deployed, and return on cash invested reaches 24.07% in year one. Equity gained on principal adds $1,413/yr, and five-year appreciation sums $60,506 alongside rental yield of 9.39%. Five-year ROI measures 125.8% and total cumulative return in cash totals $91,329.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,714/mo property income versus a $1,072/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14750, Lakewood, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,520 (100%) |
| Owner Occupied HU | 1,422 (56.4%) |
| Renter Occupied HU | 639 (25.4%) |
| Vacant Housing Units | 459 (18.2%) |
| Median Home Value | $191,549 |
| Average Home Value | $267,825 |
Housing Distribution
Address Breakdown
Residential
2,398
Single Family
2,112
Multi-Family
286
Businesses
296
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