783 Franklin StSkaneatelesNY13152
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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 Skaneateles at 783 Franklin St, Skaneateles, NY, 13152 priced at $599,000 converts $8,885/mo rent into $4,885/mo cash flow after a $2,932/mo obligation. Total monthly income equals $8,885/mo, and annual cash flow totals $58,617/yr on $197,071 invested. Return on cash invested prints 49.8% in year one, and rental yield reads 17.8% against a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation compiles into $165,493 by year five. Five-year ROI reaches 263.77% and total cumulative return in cash sums $519,814. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $8,885/mo property income covering a $2,932/mo payment, not borrower’s personal income.
Single Family
Built in 1965
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13152, Skaneateles, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,446 (100%) |
| Owner Occupied HU | 2,756 (62.0%) |
| Renter Occupied HU | 576 (13.0%) |
| Vacant Housing Units | 1,114 (25.1%) |
| Median Home Value | $466,392 |
| Average Home Value | $546,109 |
Housing Distribution
Address Breakdown
Residential
3,582
Single Family
3,426
Multi-Family
156
Businesses
375
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Listed by: Jane Ross • FLR Partners, LLC
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1536098
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