30 Ridge RdLansingNY14882
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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 Lansing at 30 Ridge Rd, Lansing, NY, 14882 at $535,000 posts ROI 12.88% with from $2,520/mo rent. Total monthly income equals $2,520/mo. Return on cash invested measures 12.88% and rental yield reads 5.65% at the current $535,000. Equity gained on principal adds $3,452/yr, and 5% annual appreciation supports $147,811 by year five. Five-year ROI prints 65.76% and total cumulative return in cash totals $115,744. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,520/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2023
1.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14882, Lansing, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,967 (100%) |
| Owner Occupied HU | 1,252 (63.7%) |
| Renter Occupied HU | 452 (23.0%) |
| Vacant Housing Units | 263 (13.4%) |
| Median Home Value | $353,425 |
| Average Home Value | $490,954 |
Housing Distribution
Address Breakdown
Residential
1,762
Single Family
1,722
Multi-Family
40
Businesses
127
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Listed by: Heather Gowe • Warren Real Estate of Ithaca Inc.
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1594593
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