2189 Lake RdSeneca FallsNY13148
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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 Seneca Falls at 2189 Lake Rd, Seneca Falls, NY, 13148 listed at $674,900 pairs $2,808/mo rent with a $3,303/mo payment. Total monthly income runs $2,808/mo. Return on cash invested measures 10.88% in year one, and rental yield registers 4.99% at a $674,900 basis. Equity gained on principal adds $4,355/yr, and annual property appreciation at 5% supports $186,462 by year five. Five-year ROI tracks 55.04% and total cumulative return in cash totals $122,215. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,808/mo property income relative to a $3,303/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1967
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13148, Seneca Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,317 (100%) |
| Owner Occupied HU | 2,906 (54.7%) |
| Renter Occupied HU | 1,663 (31.3%) |
| Vacant Housing Units | 748 (14.1%) |
| Median Home Value | $160,094 |
| Average Home Value | $208,365 |
Housing Distribution
Address Breakdown
Residential
4,668
Single Family
4,215
Multi-Family
453
Businesses
313
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Listed by: John M. Rosati • RE/MAX Realty Group
Mls Name: NYSAMLSs
Mls ID: #R1637299