2884 Lake AveRochesterNY14612
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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 Rochester at 2884 Lake Ave, Rochester, NY, 14612 uses $76,245 cash to close to unlock $17,914/yr annual cash flow and $1,493/mo monthly cash flow. Total monthly income runs $3,029/mo, and a $1,126/mo payment keeps the spread at $1,493/mo. Purchase price stands at $230,000, and rental yield measures 15.8% with $3,029/mo rent. Return on cash invested shows 43.4% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 229.48% and total cumulative return in cash records $174,967. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,029/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14612, Rochester, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,161 (100%) |
| Owner Occupied HU | 10,409 (64.4%) |
| Renter Occupied HU | 5,076 (31.4%) |
| Vacant Housing Units | 676 ( 4.2%) |
| Median Home Value | $216,649 |
| Average Home Value | $258,850 |
Housing Distribution
Address Breakdown
Residential
15,798
Single Family
13,142
Multi-Family
2,656
Businesses
437
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