5872 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
Rental property for sale in Romulus at 5872 E Lake Rd, Romulus, NY, 14541 generates $2,419/mo in rent, after a $4,405/mo payment. Total monthly income is $2,419/mo. Return on cash invested sits at 5.51% in year one, and rental yield is 3.23% on a $899,900 entry. Equity gained on principal adds $5,807/yr, while 5% annual appreciation builds toward $248,626 over five years. Five-year ROI reaches 26.23% and total cumulative return in cash sums $77,656. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,419/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
9,230 sqft lot
$N/A/sqft
No 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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