7053 Lakeport RdChittenangoNY13037
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Chittenango at 7053 Lakeport Rd, Chittenango, NY, 13037 generates $1,698/mo in rent and, after a $856/mo payment, leaves $530/mo in cash flow. Total monthly income is $1,698/mo, and annual cash flow is $6,361/yr on $57,979 invested. Return on cash invested sits at 30.88% in year one, and rental yield is 11.65% on a $174,900 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 162.39% and total cumulative return in cash sums $94,152. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,698/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13037, Chittenango, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,875 (100%) |
| Owner Occupied HU | 2,832 (73.1%) |
| Renter Occupied HU | 824 (21.3%) |
| Vacant Housing Units | 219 ( 5.7%) |
| Median Home Value | $246,088 |
| Average Home Value | $264,097 |
Housing Distribution
Address Breakdown
Residential
3,813
Single Family
3,430
Multi-Family
383
Businesses
214
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Listed by: Virginia J Mann • Hunt Real Estate ERA
Mls Name: NYSAMLSs
Mls ID: #S1653077