2344 W Lake RdAshvilleNY14710
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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 Ashville at 2344 W Lake Rd, Ashville, NY, 14710 priced at $499,900 converts $1,920/mo rent into after a $2,447/mo obligation. Total monthly income equals $1,920/mo. Return on cash invested prints 9.64% in year one, and rental yield reads 4.61% against a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,113 by year five. Five-year ROI reaches 48.41% and total cumulative return in cash sums $80,220. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,920/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 1949
8,903 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14710, Ashville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,275 (100%) |
| Owner Occupied HU | 1,226 (53.9%) |
| Renter Occupied HU | 194 ( 8.5%) |
| Vacant Housing Units | 855 (37.6%) |
| Median Home Value | $233,333 |
| Average Home Value | $267,055 |
Housing Distribution
Address Breakdown
Residential
1,553
Single Family
1,553
Multi-Family
0
Businesses
62
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Listed by: Eric Anderson • Premier Listings Real Estate LLC
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1586720
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