22 Olive AveLakewoodNY14750
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lakewood at 22 Olive Ave, Lakewood, NY, 14750 priced at $110,000 converts $854/mo rent into $120/mo cash flow after a $538/mo obligation. Total monthly income equals $854/mo, and annual cash flow totals $1,438/yr on $36,465 invested. Return on cash invested prints 23.85% in year one, and rental yield reads 9.32% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 124.66% and total cumulative return in cash sums $45,456. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $854/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1910
7,405 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices