31 Lake Ridge RdWhite LakeNY12786
Nearby investment properties with comparable rents
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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
Rental property for sale in White Lake at 31 Lake Ridge Rd, White Lake, NY, 12786 priced at $999,000 converts $4,768/mo rent into after a $4,890/mo obligation. Total monthly income equals $4,768/mo. Return on cash invested prints 13.11% in year one, and rental yield reads 5.73% against a $999,000 entry. Equity gained on principal adds $6,446/yr, while 5% annual appreciation compiles into $276,005 by year five. Five-year ROI reaches 67% and total cumulative return in cash sums $220,202. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,768/mo property income covering a $4,890/mo payment, not borrower’s personal income.
Single Family
Built in 1991
6.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12786, White Lake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,122 (100%) |
| Owner Occupied HU | 340 (30.3%) |
| Renter Occupied HU | 78 ( 7.0%) |
| Vacant Housing Units | 704 (62.7%) |
| Median Home Value | $369,863 |
| Average Home Value | $410,257 |
Housing Distribution
Address Breakdown
Residential
138
Single Family
138
Multi-Family
0
Businesses
52
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Listed by: Shimon Matsui • GREAT SUCCESS REALTY INC
Mls Name: NY State MLS
Mls ID: #11264537