556 Lakes RoadMonroeNY10950
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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 Monroe at 556 Lakes Road, Monroe, NY, 10950 with 5% annual appreciation on a $1,025,000 basis while $3,801/mo rent supports operations. 37% in year one. Equity gained on principal adds $6,614/yr, and five-year appreciation sums $283,189 alongside rental yield of 4.45%. Five-year ROI measures 46.9% and total cumulative return in cash totals $155,764. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,801/mo property income versus a $5,017/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1941
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10950, Monroe, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,687 (100%) |
| Owner Occupied HU | 9,996 (56.5%) |
| Renter Occupied HU | 6,342 (35.9%) |
| Vacant Housing Units | 1,349 ( 7.6%) |
| Median Home Value | $515,468 |
| Average Home Value | $571,319 |
Housing Distribution
Address Breakdown
Residential
17,173
Single Family
16,553
Multi-Family
620
Businesses
880
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