106 S Shore Rd ECaroga LakeNY12032
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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 Caroga Lake at 106 S Shore Rd E, Caroga Lake, NY, 12032 uses $62,977 cash to close to unlock $14,511/yr annual cash flow and $1,209/mo monthly cash flow. Total monthly income runs $2,478/mo, and a $930/mo payment keeps the spread at $1,209/mo. Purchase price stands at $189,977, and rental yield measures 15.65% with $2,478/mo rent. Return on cash invested shows 42.95% in year one, and 5% annual appreciation builds toward $52,487 over five years. Five-year ROI reaches 227.1% and total cumulative return in cash records $143,021. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,478/mo property income covering a $930/mo payment rather than investor’s personal income.
Manufactured
Built in 1995
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12032, Caroga Lake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 994 (100%) |
| Owner Occupied HU | 265 (26.7%) |
| Renter Occupied HU | 33 ( 3.3%) |
| Vacant Housing Units | 696 (70.0%) |
| Median Home Value | $254,310 |
| Average Home Value | $281,745 |
Housing Distribution
Address Breakdown
Residential
107
Single Family
107
Multi-Family
0
Businesses
37
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Listed by: Scott P Varley • KW Platform
Mls Name: Global MLS
Mls Provider:
Mls ID: #202419755
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Judy Moriarty, Zillow, Inc., Corp. Broker