288 Lockie RdRedwoodNY13679
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Redwood at 288 Lockie Rd, Redwood, NY, 13679 priced at $160,000 pairs $2,154/mo rent with $1,086/mo cash flow after a $783/mo payment. Total monthly income equals $2,154/mo, and annual cash flow comes to $13,028/yr on $53,040 invested. Return on cash invested is 44.47% in year one, and rental yield stands at 16.16% on a $160,000 basis. Equity gained on principal adds $1,032/yr, and 5% annual appreciation accumulates to $44,205 by year five. Five-year ROI measures 235.21% and total cumulative return in cash reaches $124,754. For financing, Ziffy Mortgage’s DSCR program evaluates $2,154/mo property income against a $783/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2011
44.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13679, Redwood, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,701 (100%) |
| Owner Occupied HU | 576 (33.9%) |
| Renter Occupied HU | 119 ( 7.0%) |
| Vacant Housing Units | 1,006 (59.1%) |
| Median Home Value | $208,519 |
| Average Home Value | $245,924 |
Housing Distribution
Address Breakdown
Residential
861
Single Family
803
Multi-Family
58
Businesses
23
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