3945 Lake AveBurdettNY14818
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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 Burdett at 3945 Lake Ave, Burdett, NY, 14818 generates $1,778/mo in rent and, after a $832/mo payment, leaves $643/mo in cash flow. Total monthly income is $1,778/mo, and annual cash flow is $7,716/yr on $56,322 invested. Return on cash invested sits at 33.61% in year one, and rental yield is 12.56% on a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 177.04% and total cumulative return in cash sums $99,710. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,778/mo property income rather than buyer’s personal income.
Multi Family
Built in 1996
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14818, Burdett, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,092 (100%) |
| Owner Occupied HU | 654 (59.9%) |
| Renter Occupied HU | 148 (13.6%) |
| Vacant Housing Units | 290 (26.6%) |
| Median Home Value | $298,361 |
| Average Home Value | $356,846 |
Housing Distribution
Address Breakdown
Residential
881
Single Family
881
Multi-Family
0
Businesses
62
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