1 Oak LnLoon LakeNY12989
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 Loon Lake at 1 Oak Ln, Loon Lake, NY, 12989 offers $1,849/mo rent that, after a $1,711/mo payment. Total monthly income is $1,849/mo. Return on cash invested measures 14.88% in year one, and rental yield stands at 6.35% at a $349,500 entry. Equity gained on principal adds $2,255/yr while 5% annual appreciation compounds into $96,560 by year five. Five-year ROI records 76.54% and total cumulative return in cash reaches $88,681. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,849/mo property income versus a $1,711/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12989, Vermontville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 874 (100%) |
| Owner Occupied HU | 385 (44.1%) |
| Renter Occupied HU | 48 ( 5.5%) |
| Vacant Housing Units | 441 (50.5%) |
| Median Home Value | $271,875 |
| Average Home Value | $314,435 |
Housing Distribution
Address Breakdown
Residential
467
Single Family
467
Multi-Family
0
Businesses
14
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jonathan Gorgas • Merrill L. Thomas, Inc.
Mls Name: ACVMLS
Mls Provider:
Mls ID: #203749
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.