8048 Lookout Point RdOvidNY14521
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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 Ovid at 8048 Lookout Point Rd, Ovid, NY, 14521 offers a 2.03% rental yield on a $850,000 purchase with $1,440/mo rent. 88% in year one. Equity gained on principal adds $5,485/yr while 5% annual appreciation supports $234,839 over five years. Portfolio math shows five-year ROI at 6.8% and total cumulative return in cash at $19,030. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,440/mo property income against a $4,160/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
2.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14521, Ovid, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,493 (100%) |
| Owner Occupied HU | 820 (54.9%) |
| Renter Occupied HU | 332 (22.2%) |
| Vacant Housing Units | 341 (22.8%) |
| Median Home Value | $205,556 |
| Average Home Value | $302,802 |
Housing Distribution
Address Breakdown
Residential
1,029
Single Family
991
Multi-Family
38
Businesses
95
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