645 Lapp RdAldenNY14004
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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 Alden at 645 Lapp Rd, Alden, NY, 14004 earns $281/mo cash flow from $2,150/mo rent with a $1,370/mo payment. Total monthly income totals $2,150/mo, and annual cash flow totals $3,368/yr on $92,820 capital. ROI tracks 23.54% on current figures, and rental yield reads 9.21% at a $279,999 purchase. Equity gained on principal adds $1,807/yr, and 5% annual appreciation supports $77,359 over five years. Five-year ROI reaches 122.94% and total cumulative return in cash sums $114,116. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,150/mo property income instead of your personal income.
Single Family
Built in 1969
1.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14004, Alden, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,512 (100%) |
| Owner Occupied HU | 3,616 (80.1%) |
| Renter Occupied HU | 678 (15.0%) |
| Vacant Housing Units | 218 ( 4.8%) |
| Median Home Value | $319,063 |
| Average Home Value | $345,555 |
Housing Distribution
Address Breakdown
Residential
4,469
Single Family
4,253
Multi-Family
216
Businesses
269
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