2477 Lake RdRansomvilleNY14131
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 Ransomville at 2477 Lake Rd, Ransomville, NY, 14131 uses $119,009 cash to close to unlock $5,793/yr annual cash flow and $483/mo monthly cash flow. Total monthly income runs $2,880/mo, and a $1,757/mo payment keeps the spread at $483/mo. Purchase price stands at $359,000, and rental yield measures 9.63% with $2,880/mo rent. Return on cash invested shows 24.78% in year one, and 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 129.59% and total cumulative return in cash records $154,219. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,880/mo property income covering a $1,757/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.51 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephanie Cattarin • Keller Williams Realty WNY
Mls Name: NYSAMLSs
Mls ID: #B1635710