9408 W Lake RdHammondsportNY14840
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 Hammondsport at 9408 W Lake Rd, Hammondsport, NY, 14840 listed at $774,500 pairs $1,646/mo rent with a $3,791/mo payment. Total monthly income runs $1,646/mo. Return on cash invested measures 3.45% in year one, and rental yield registers 2.55% at a $774,500 basis. Equity gained on principal adds $4,998/yr, and annual property appreciation at 5% supports $213,980 by year five. Five-year ROI tracks 15.21% and total cumulative return in cash totals $38,766. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,646/mo property income relative to a $3,791/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1945
4,399 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14840, Hammondsport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,897 (100%) |
| Owner Occupied HU | 1,129 (39.0%) |
| Renter Occupied HU | 240 ( 8.3%) |
| Vacant Housing Units | 1,528 (52.7%) |
| Median Home Value | $326,471 |
| Average Home Value | $395,569 |
Housing Distribution
Address Breakdown
Residential
1,764
Single Family
1,743
Multi-Family
21
Businesses
114
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David G. Moses • Howard Hanna Corning Denison
Mls Name: NYSAMLSs
Mls ID: #R1607062