10 Lamkins RdSaranacNY12981
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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 Saranac at 10 Lamkins Rd, Saranac, NY, 12981 offers $3,414/mo rent that, after a $1,664/mo payment, leaves $1,144/mo cash flow. Total monthly income is $3,414/mo, and annual cash flow is $13,724/yr on $112,710 cash. Return on cash invested measures 32.09% in year one, and rental yield stands at 12.05% at a $340,000 entry. Equity gained on principal adds $2,194/yr while 5% annual appreciation compounds into $93,936 by year five. Five-year ROI records 168.78% and total cumulative return in cash reaches $190,230. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,414/mo property income versus a $1,664/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1866
211.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12981, Saranac, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,619 (100%) |
| Owner Occupied HU | 1,051 (64.9%) |
| Renter Occupied HU | 274 (16.9%) |
| Vacant Housing Units | 294 (18.2%) |
| Median Home Value | $187,090 |
| Average Home Value | $204,477 |
Housing Distribution
Address Breakdown
Residential
933
Single Family
912
Multi-Family
21
Businesses
36
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Listed by: Emily M. Boucher • Due North Realty LLC
Mls Name: ACVMLS
Mls Provider:
Mls ID: #202412
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.