2341 Lower 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
Rental property for sale in Seneca Falls at 2341 Lower Lake Rd, Seneca Falls, NY, 13148 generates $1,182/mo in rent, after a $1,884/mo payment. Total monthly income is $1,182/mo. Return on cash invested sits at 6.85% in year one, and rental yield is 3.69% on a $384,900 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,341 over five years. Five-year ROI reaches 33.46% and total cumulative return in cash sums $42,699. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,182/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
2,051 sqft 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: Michelle Schrader • Cassara Realty Group
Mls Name: NYSAMLSs
Mls ID: #R1634730