8297 Lake RdSodus PointNY14555
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
Investment property for sale in Sodus Point at 8297 Lake Rd, Sodus Point, NY, 14555 offers a 9.51% rental yield on a $185,000 purchase with $1,466/mo rent. Total monthly income registers $1,466/mo, and a $905/mo payment leaves $231/mo available for distribution. Annual cash flow reaches $2,773/yr on $61,328 to close, and return on cash invested stands at 24.43% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 127.78% and total cumulative return in cash at $78,363. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,466/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
9,901 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14555, Sodus Point, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,008 (100%) |
| Owner Occupied HU | 424 (42.1%) |
| Renter Occupied HU | 67 ( 6.6%) |
| Vacant Housing Units | 517 (51.3%) |
| Median Home Value | $383,333 |
| Average Home Value | $352,783 |
Housing Distribution
Address Breakdown
Residential
559
Single Family
559
Multi-Family
0
Businesses
41
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Listed by: Laurie Winder • Howard Hanna
Mls Name: NYSAMLSs
Mls ID: #R1633028