197 Elm Lake RdSpeculatorNY12164
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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 Speculator at 197 Elm Lake Rd, Speculator, NY, 12164 uses $44,753 cash to close to unlock $8,139/yr annual cash flow and $678/mo monthly cash flow. Total monthly income runs $1,580/mo, and a $661/mo payment keeps the spread at $678/mo. Purchase price stands at $135,000, and rental yield measures 14.04% with $1,580/mo rent. Return on cash invested shows 38.1% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 201.11% and total cumulative return in cash records $90,001. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,580/mo property income covering a $661/mo payment rather than investor’s personal income.
Single Family
Built in 1976
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12164, Speculator, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 742 (100%) |
| Owner Occupied HU | 177 (23.9%) |
| Renter Occupied HU | 34 ( 4.6%) |
| Vacant Housing Units | 531 (71.6%) |
| Median Home Value | $270,652 |
| Average Home Value | $320,113 |
Housing Distribution
Address Breakdown
Residential
11
Single Family
11
Multi-Family
0
Businesses
44
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Listed by: Christy Wilt • ALICIA C MILLER REAL ESTATE INC
Mls Name: NY State MLS
Mls ID: #11263082