490 Ridge StLewistonNY14092
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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 Lewiston at 490 Ridge St, Lewiston, NY, 14092 uses $116,025 cash to close to unlock $5,134/yr annual cash flow and $428/mo monthly cash flow. Total monthly income runs $2,765/mo, and a $1,713/mo payment keeps the spread at $428/mo. Purchase price stands at $350,000, and rental yield measures 9.48% with $2,765/mo rent. Return on cash invested shows 24.33% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 127.22% and total cumulative return in cash records $147,602. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,765/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1930
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14092, Lewiston, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,262 (100%) |
| Owner Occupied HU | 3,839 (73.0%) |
| Renter Occupied HU | 1,048 (19.9%) |
| Vacant Housing Units | 375 ( 7.1%) |
| Median Home Value | $315,213 |
| Average Home Value | $381,149 |
Housing Distribution
Address Breakdown
Residential
5,074
Single Family
4,473
Multi-Family
601
Businesses
370
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