2536 E Lake RdSkaneatelesNY13152
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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 Skaneateles at 2536 E Lake Rd, Skaneateles, NY, 13152 uses $128,887 cash to close to unlock $3,212/yr annual cash flow and $268/mo monthly cash flow. Total monthly income runs $2,864/mo, and a $1,903/mo payment keeps the spread at $268/mo. Purchase price stands at $388,800, and rental yield measures 8.84% with $2,864/mo rent. Return on cash invested shows 22.4% in year one, and 5% annual appreciation builds toward $107,418 over five years. Five-year ROI reaches 116.85% and total cumulative return in cash records $150,603. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,864/mo property income covering a $1,903/mo payment rather than investor’s personal income.
Single Family
Built in 1960
1.49 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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