37 Fields WayLewisNY12950
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lewis at 37 Fields Way, Lewis, NY, 12950 priced at $319,900 converts $2,197/mo rent into $61/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,197/mo, and annual cash flow totals $726/yr on $106,047 invested. Return on cash invested prints 20.59% in year one, and rental yield reads 8.24% against a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation compiles into $88,382 by year five. Five-year ROI reaches 107.17% and total cumulative return in cash sums $113,648. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,197/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 1994
3.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12950, Lewis, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 375 (100%) |
| Owner Occupied HU | 241 (64.3%) |
| Renter Occupied HU | 49 (13.1%) |
| Vacant Housing Units | 85 (22.7%) |
| Median Home Value | $213,393 |
| Average Home Value | $275,913 |
Housing Distribution
Address Breakdown
Residential
207
Single Family
207
Multi-Family
0
Businesses
25
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tami Smith • Kavanaugh Realty-Plattsburgh
Mls Name: ACVMLS
Mls Provider:
Mls ID: #203734
Disclaimer: Listing data courtesy of the Internet Data Exchange (IDX) Program of the Adirondack Champlain Valley Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information deemed reliable but not guaranteed.