6 W Terrace Ave APT 4LakewoodNY14750
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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 Lakewood at 6 W Terrace Ave APT 4, Lakewood, NY, 14750 offers a 11.89% rental yield on a $315,000 purchase with $3,120/mo rent. Total monthly income registers $3,120/mo, and a $1,542/mo payment leaves $1,016/mo available for distribution. Annual cash flow reaches $12,195/yr on $104,423 to close, and return on cash invested stands at 31.59% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 166.13% and total cumulative return in cash at $173,477. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,120/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1986
108.90 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14750, Lakewood, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,520 (100%) |
| Owner Occupied HU | 1,422 (56.4%) |
| Renter Occupied HU | 639 (25.4%) |
| Vacant Housing Units | 459 (18.2%) |
| Median Home Value | $191,549 |
| Average Home Value | $267,825 |
Housing Distribution
Address Breakdown
Residential
2,398
Single Family
2,112
Multi-Family
286
Businesses
296
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