2388 Lake RdRansomvilleNY14131
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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 Ransomville at 2388 Lake Rd, Ransomville, NY, 14131 offers a 11.38% rental yield on a $270,000 purchase with $2,561/mo rent. Total monthly income registers $2,561/mo, and a $1,322/mo payment leaves $758/mo available for distribution. Annual cash flow reaches $9,090/yr on $89,505 to close, and return on cash invested stands at 30.06% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,596 over five years. Portfolio math shows five-year ROI at 157.96% and total cumulative return in cash at $141,385. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,561/mo property income against a $1,322/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14131, Ransomville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,460 (100%) |
| Owner Occupied HU | 1,932 (78.5%) |
| Renter Occupied HU | 319 (13.0%) |
| Vacant Housing Units | 209 ( 8.5%) |
| Median Home Value | $263,514 |
| Average Home Value | $315,903 |
Housing Distribution
Address Breakdown
Residential
2,054
Single Family
1,849
Multi-Family
205
Businesses
67
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Listed by: Scott A Walters • S.A.W. Commission Cutters
Mls Name: NYSAMLSs
Mls ID: #B1640527