974 Main StLockeNY13092
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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 Locke at 974 Main St, Locke, NY, 13092 with 5% annual appreciation on a $138,600 basis while $1,140/mo rent supports operations. Total monthly income totals $1,140/mo and a $678/mo payment preserves $215/mo for cash returns. Annual cash flow comes to $2,578/yr on $45,946 deployed, and return on cash invested reaches 25.52% in year one. Equity gained on principal adds $894/yr, and five-year appreciation sums $38,293 alongside rental yield of 9.87%. Five-year ROI measures 133.57% and total cumulative return in cash totals $61,371.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,140/mo property income versus a $678/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1880
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13092, Locke, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,208 (100%) |
| Owner Occupied HU | 878 (72.7%) |
| Renter Occupied HU | 197 (16.3%) |
| Vacant Housing Units | 133 (11.0%) |
| Median Home Value | $266,522 |
| Average Home Value | $345,159 |
Housing Distribution
Address Breakdown
Residential
966
Single Family
966
Multi-Family
0
Businesses
39
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