35 W Elizabeth StSkaneatelesNY13152
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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 Skaneateles at 35 W Elizabeth St, Skaneateles, NY, 13152 priced at $379,900 converts $3,365/mo rent into $829/mo cash flow after a $1,859/mo obligation. Total monthly income equals $3,365/mo, and annual cash flow totals $9,942/yr on $125,937 invested. Return on cash invested prints 27.8% in year one, and rental yield reads 10.63% against a $379,900 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation compiles into $104,959 by year five. Five-year ROI reaches 145.83% and total cumulative return in cash sums $183,653. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,365/mo property income covering a $1,859/mo payment, not borrower’s personal income.
Single Family
Built in 1880
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13152, Skaneateles, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,446 (100%) |
| Owner Occupied HU | 2,756 (62.0%) |
| Renter Occupied HU | 576 (13.0%) |
| Vacant Housing Units | 1,114 (25.1%) |
| Median Home Value | $466,392 |
| Average Home Value | $546,109 |
Housing Distribution
Address Breakdown
Residential
3,582
Single Family
3,426
Multi-Family
156
Businesses
375
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Listed by: Tammy Culligan • Howard Hanna Real Estate
Mls Name: NYSAMLSs
Mls ID: #S1638103