7021 Lake Bluff RdWolcottNY14590
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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 Wolcott at 7021 Lake Bluff Rd, Wolcott, NY, 14590 priced at $475,000 converts $1,854/mo rent into after a $2,325/mo obligation. Total monthly income equals $1,854/mo. Return on cash invested prints 9.86% in year one, and rental yield reads 4.68% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. Five-year ROI reaches 49.62% and total cumulative return in cash sums $78,127. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,854/mo property income covering a $2,325/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14590, Wolcott, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,102 (100%) |
| Owner Occupied HU | 1,595 (51.4%) |
| Renter Occupied HU | 491 (15.8%) |
| Vacant Housing Units | 1,016 (32.8%) |
| Median Home Value | $174,093 |
| Average Home Value | $275,473 |
Housing Distribution
Address Breakdown
Residential
2,368
Single Family
2,268
Multi-Family
100
Businesses
159
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Listed by: Raymond Luke Cino • Cornerstone Realty Associates
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1575699
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