10 Dooling Way UNIT 3Lake PlacidNY12946
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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 Lake Placid at 10 Dooling Way UNIT 3, Lake Placid, NY, 12946 uses $140,888 cash to close to unlock $21,405/yr annual cash flow and $1,784/mo monthly cash flow. Total monthly income runs $4,980/mo, and a $2,080/mo payment keeps the spread at $1,784/mo. Purchase price stands at $425,000, and rental yield measures 14.06% with $4,980/mo rent. Return on cash invested shows 35.1% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 186.06% and total cumulative return in cash records $262,133. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,980/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Townhouse
Built in 1988
1,306 sqft lot
$N/A/sqft
$1,075 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12946, Lake Placid, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,244 (100%) |
| Owner Occupied HU | 1,545 (36.4%) |
| Renter Occupied HU | 1,059 (25.0%) |
| Vacant Housing Units | 1,640 (38.6%) |
| Median Home Value | $437,220 |
| Average Home Value | $535,099 |
Housing Distribution
Address Breakdown
Residential
2,825
Single Family
2,401
Multi-Family
424
Businesses
509
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Listed by: Chase Jermano • Tina Leonard Real Estate, LLC
Mls Name: ACVMLS
Mls Provider:
Mls ID: #201988
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.