6 Leonard DrStar LakeNY13690
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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 Star Lake at 6 Leonard Dr, Star Lake, NY, 13690 priced at $140,000 converts $2,402/mo rent into $1,467/mo cash flow after a $685/mo obligation. Total monthly income equals $2,402/mo, and annual cash flow totals $17,608/yr on $46,410 invested. Return on cash invested prints 57.85% in year one, and rental yield reads 20.59% against a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,679 by year five. Five-year ROI reaches 306.99% and total cumulative return in cash sums $142,474. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,402/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13690, Star Lake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 512 (100%) |
| Owner Occupied HU | 242 (47.3%) |
| Renter Occupied HU | 73 (14.3%) |
| Vacant Housing Units | 197 (38.5%) |
| Median Home Value | $209,722 |
| Average Home Value | $222,438 |
Housing Distribution
Address Breakdown
Residential
254
Single Family
254
Multi-Family
0
Businesses
39
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Listed by: Denise T. Barstow • Cranberry Shores Realty Corp.
Mls Name: SLCMLS
Mls Provider:
Mls ID: #49868
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.