55 Locust Dr #LO55HamlinNY14464
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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 Hamlin at 55 Locust Dr #LO55, Hamlin, NY, 14464 offers $1,027/mo rent that, after a $660/mo payment, leaves $126/mo cash flow. Total monthly income is $1,027/mo, and annual cash flow is $1,517/yr on $44,719 cash. Return on cash invested measures 23.3% in year one, and rental yield stands at 9.14% at a $134,900 entry. Equity gained on principal adds $870/yr while 5% annual appreciation compounds into $37,270 by year five. Five-year ROI records 121.76% and total cumulative return in cash reaches $54,449. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,027/mo property income versus a $660/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14464, Hamlin, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,192 (100%) |
| Owner Occupied HU | 2,432 (76.2%) |
| Renter Occupied HU | 543 (17.0%) |
| Vacant Housing Units | 217 ( 6.8%) |
| Median Home Value | $185,468 |
| Average Home Value | $245,748 |
Housing Distribution
Address Breakdown
Residential
2,919
Single Family
2,680
Multi-Family
239
Businesses
85
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