56 Fawn Lake RdAltmarNY13302
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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 Altmar at 56 Fawn Lake Rd, Altmar, NY, 13302 with 5% annual appreciation on a $329,900 basis while $2,318/mo rent supports operations. Total monthly income totals $2,318/mo and a $1,615/mo payment preserves $115/mo for cash returns. Annual cash flow comes to $1,376/yr on $109,362 deployed, and return on cash invested reaches 21.17% in year one. Equity gained on principal adds $2,129/yr, and five-year appreciation sums $91,145 alongside rental yield of 8.43%. Five-year ROI measures 110.24% and total cumulative return in cash totals $120,555.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,318/mo property income versus a $1,615/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2006
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13302, Altmar, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,029 (100%) |
| Owner Occupied HU | 461 (44.8%) |
| Renter Occupied HU | 99 ( 9.6%) |
| Vacant Housing Units | 469 (45.6%) |
| Median Home Value | $137,891 |
| Average Home Value | $180,591 |
Housing Distribution
Address Breakdown
Residential
553
Single Family
553
Multi-Family
0
Businesses
29
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