2437 E Lake Rd UNIT CSkaneatelesNY13152
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
Investment property for sale in Skaneateles at 2437 E Lake Rd UNIT C, Skaneateles, NY, 13152 listed at $1,560,000 pairs $3,600/mo rent with a $7,635/mo payment. Total monthly income runs $3,600/mo. Return on cash invested measures 4.19% in year one, and rental yield registers 2.77% at a $1,560,000 basis. Equity gained on principal adds $10,066/yr, and annual property appreciation at 5% supports $430,999 by year five. Five-year ROI tracks 19.07% and total cumulative return in cash totals $96,405. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,600/mo property income relative to a $7,635/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13152, Skaneateles, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,446 (100%) |
| Owner Occupied HU | 2,756 (62.0%) |
| Renter Occupied HU | 576 (13.0%) |
| Vacant Housing Units | 1,114 (25.1%) |
| Median Home Value | $466,392 |
| Average Home Value | $546,109 |
Housing Distribution
Address Breakdown
Residential
3,582
Single Family
3,426
Multi-Family
156
Businesses
375
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Listed by: Tammy L Frendak • Howard Hanna Real Estate
Mls Name: NYSAMLSs
Mls ID: #S1640043