5813 E Lake RdRomulusNY14541
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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 Romulus at 5813 E Lake Rd, Romulus, NY, 14541 earns from $3,545/mo rent with a $2,863/mo payment. Total monthly income totals $3,545/mo. ROI tracks 17.62% on current figures, and rental yield reads 7.27% at a $585,000 purchase. Equity gained on principal adds $3,775/yr, and 5% annual appreciation supports $161,625 over five years. Five-year ROI reaches 91.24% and total cumulative return in cash sums $175,614. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,545/mo property income instead of your personal income.
Single Family
Built in 2005
0.58 Acres lot
$N/A/sqft
$30 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14541, Romulus, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,232 (100%) |
| Owner Occupied HU | 617 (50.1%) |
| Renter Occupied HU | 234 (19.0%) |
| Vacant Housing Units | 381 (30.9%) |
| Median Home Value | $300,526 |
| Average Home Value | $369,611 |
Housing Distribution
Address Breakdown
Residential
978
Single Family
978
Multi-Family
0
Businesses
51
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Listed by: Jan V. Corning • Howard Hanna Lake Group
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1603077
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