2034 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
Investment property for sale in Lima at 2034 Rainbow Ln, Lima, NY, 14485 offers a 9.84% rental yield on a $299,900 purchase with $2,460/mo rent. Total monthly income registers $2,460/mo, and a $1,468/mo payment leaves $457/mo available for distribution. Annual cash flow reaches $5,486/yr on $99,417 to close, and return on cash invested stands at 25.43% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,857 over five years. Portfolio math shows five-year ROI at 133.1% and total cumulative return in cash at $132,328. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,460/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
0.45 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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