262 Lake RdSalisbury MillsNY12577
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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 Salisbury Mills at 262 Lake Rd, Salisbury Mills, NY, 12577 priced at $308,300 converts $3,582/mo rent into $1,523/mo cash flow after a $1,509/mo obligation. Total monthly income equals $3,582/mo, and annual cash flow totals $18,278/yr on $102,201 invested. Return on cash invested prints 37.79% in year one, and rental yield reads 13.94% against a $308,300 entry. Equity gained on principal adds $1,989/yr, while 5% annual appreciation compiles into $85,178 by year five. Five-year ROI reaches 199.41% and total cumulative return in cash sums $203,798. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,582/mo property income covering a $1,509/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12577, Salisbury Mills, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 762 (100%) |
| Owner Occupied HU | 631 (82.8%) |
| Renter Occupied HU | 83 (10.9%) |
| Vacant Housing Units | 48 ( 6.3%) |
| Median Home Value | $469,497 |
| Average Home Value | $514,822 |
Housing Distribution
Address Breakdown
Residential
707
Single Family
707
Multi-Family
0
Businesses
53
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A