8534 Route 9LewisNY12950
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 Lewis at 8534 Route 9, Lewis, NY, 12950 priced at $189,995 pairs $1,597/mo rent with $328/mo cash flow after a $930/mo payment. Total monthly income equals $1,597/mo, and annual cash flow comes to $3,938/yr on $62,983 invested. Return on cash invested is 26.16% in year one, and rental yield stands at 10.09% on a $189,995 basis. Equity gained on principal adds $1,226/yr, and 5% annual appreciation accumulates to $52,492 by year five. Five-year ROI measures 137.1% and total cumulative return in cash reaches $86,351. For financing, Ziffy Mortgage’s DSCR program evaluates $1,597/mo property income against a $930/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1995
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12950, Lewis, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 375 (100%) |
| Owner Occupied HU | 241 (64.3%) |
| Renter Occupied HU | 49 (13.1%) |
| Vacant Housing Units | 85 (22.7%) |
| Median Home Value | $213,393 |
| Average Home Value | $275,913 |
Housing Distribution
Address Breakdown
Residential
207
Single Family
207
Multi-Family
0
Businesses
25
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Nearby investment properties with comparable prices
Listed by: Penny Daniels • Coldwell Banker Whitbeck Assoc. Plattsburgh
Mls Name: ACVMLS
Mls Provider:
Mls ID: #202009
Disclaimer: Listing data courtesy of the Internet Data Exchange (IDX) Program of the Adirondack Champlain Valley Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information deemed reliable but not guaranteed.