6788 N Lakeshore RdVeronaNY13478
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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 Verona at 6788 N Lakeshore Rd, Verona, NY, 13478 uses $71,273 cash to close to unlock $1,255/yr annual cash flow and $105/mo monthly cash flow. Total monthly income runs $1,540/mo, and a $1,052/mo payment keeps the spread at $105/mo. Purchase price stands at $215,000, and rental yield measures 8.6% with $1,540/mo rent. Return on cash invested shows 21.67% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 112.94% and total cumulative return in cash records $80,497. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,540/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Multi Family
Built in 1880
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13478, Verona, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,277 (100%) |
| Owner Occupied HU | 978 (76.6%) |
| Renter Occupied HU | 198 (15.5%) |
| Vacant Housing Units | 101 ( 7.9%) |
| Median Home Value | $222,477 |
| Average Home Value | $225,481 |
Housing Distribution
Address Breakdown
Residential
1,186
Single Family
1,186
Multi-Family
0
Businesses
53
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