2699 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
Total monthly income runs $3,600/mo, and a $9,544/mo payment. Purchase price stands at $1,950,000, and rental yield measures 2.22% with $3,600/mo rent. Return on cash invested shows 2.48% in year one, and 5% annual appreciation builds toward $538,749 over five years. Five-year ROI reaches 9.91% and total cumulative return in cash records $62,609. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,600/mo property income covering a $9,544/mo payment rather than investor’s personal income.
Single Family
Built in 2020
9,957 sqft 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: Molly Elliott • Howard Hanna Real Estate
Mls Name: NYSAMLSs
Mls ID: #S1619894