298 Lick StLockeNY13092
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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 Locke at 298 Lick St, Locke, NY, 13092 uses $75,914 cash to close to unlock $13,015/yr annual cash flow and $1,085/mo monthly cash flow. Total monthly income runs $2,614/mo, and a $1,121/mo payment keeps the spread at $1,085/mo. Purchase price stands at $229,000, and rental yield measures 13.7% with $2,614/mo rent. Return on cash invested shows 37.05% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 195.43% and total cumulative return in cash records $148,361. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,614/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Manufactured
Built in 2012
5.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13092, Locke, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,208 (100%) |
| Owner Occupied HU | 878 (72.7%) |
| Renter Occupied HU | 197 (16.3%) |
| Vacant Housing Units | 133 (11.0%) |
| Median Home Value | $266,522 |
| Average Home Value | $345,159 |
Housing Distribution
Address Breakdown
Residential
966
Single Family
966
Multi-Family
0
Businesses
39
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