2863 Lumbard RdKirklandNY13323
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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 Kirkland at 2863 Lumbard Rd, Kirkland, NY, 13323 offers a 8.55% rental yield on a $437,982 purchase with $3,120/mo rent. Total monthly income registers $3,120/mo, and a $2,144/mo payment leaves $195/mo available for distribution. Annual cash flow reaches $2,339/yr on $145,191 to close, and return on cash invested stands at 21.52% in year one. Equity gained on principal adds $2,826/yr while 5% annual appreciation supports $121,006 over five years. Portfolio math shows five-year ROI at 112.11% and total cumulative return in cash at $162,769. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,120/mo property income against a $2,144/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
5.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13323, Clinton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,024 (100%) |
| Owner Occupied HU | 3,163 (63.0%) |
| Renter Occupied HU | 1,440 (28.7%) |
| Vacant Housing Units | 421 ( 8.4%) |
| Median Home Value | $259,185 |
| Average Home Value | $270,813 |
Housing Distribution
Address Breakdown
Residential
4,509
Single Family
4,088
Multi-Family
421
Businesses
326
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Listed by: David Sullivan • Hunt Real Estate Era Cl
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1532589
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