88 Olde Stone LnLancasterNY14086
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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 Lancaster at 88 Olde Stone Ln, Lancaster, NY, 14086 priced at $237,700 pairs $2,695/mo rent with $1,108/mo cash flow after a $1,163/mo payment. Total monthly income equals $2,695/mo, and annual cash flow comes to $13,297/yr on $78,798 invested. Return on cash invested is 36.78% in year one, and rental yield stands at 13.61% on a $237,700 basis. Equity gained on principal adds $1,534/yr, and 5% annual appreciation accumulates to $65,672 by year five. Five-year ROI measures 194.03% and total cumulative return in cash reaches $152,892. For financing, Ziffy Mortgage’s DSCR program evaluates $2,695/mo property income against a $1,163/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1993
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14086, Lancaster, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,787 (100%) |
| Owner Occupied HU | 11,167 (75.5%) |
| Renter Occupied HU | 3,003 (20.3%) |
| Vacant Housing Units | 617 ( 4.2%) |
| Median Home Value | $322,753 |
| Average Home Value | $368,268 |
Housing Distribution
Address Breakdown
Residential
14,368
Single Family
13,335
Multi-Family
1,033
Businesses
655
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