2014 Rainbow LnLimaNY14485
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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
Rental property for sale in Lima at 2014 Rainbow Ln, Lima, NY, 14485 generates $1,373/mo in rent, after a $1,590/mo payment. Total monthly income is $1,373/mo. Return on cash invested sits at 11.04% in year one, and rental yield is 5.07% on a $324,900 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,764 over five years. Five-year ROI reaches 55.91% and total cumulative return in cash sums $60,221. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,373/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14485, Lima, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,796 (100%) |
| Owner Occupied HU | 1,252 (69.7%) |
| Renter Occupied HU | 411 (22.9%) |
| Vacant Housing Units | 133 ( 7.4%) |
| Median Home Value | $207,059 |
| Average Home Value | $238,822 |
Housing Distribution
Address Breakdown
Residential
1,502
Single Family
1,454
Multi-Family
48
Businesses
115
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