2504 Route 214LanesvilleNY12450
Nearby investment properties with comparable rents
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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 Lanesville at 2504 Route 214, Lanesville, NY, 12450 generates $1,780/mo in rent, after a $1,524/mo payment. Total monthly income is $1,780/mo. Return on cash invested sits at 16.43% in year one, and rental yield is 6.86% on a $311,340 entry. Equity gained on principal adds $2,009/yr, while 5% annual appreciation builds toward $86,018 over five years. Five-year ROI reaches 84.84% and total cumulative return in cash sums $87,560. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,780/mo property income rather than buyer’s personal income.
Multi Family
Built in 1865
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12450, Lanesville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 216 (100%) |
| Owner Occupied HU | 55 (25.5%) |
| Renter Occupied HU | 31 (14.4%) |
| Vacant Housing Units | 130 (60.2%) |
| Median Home Value | $273,214 |
| Average Home Value | $363,591 |
Housing Distribution
Address Breakdown
Residential
60
Single Family
60
Multi-Family
0
Businesses
8
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Listed by: N/A • N/A
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