113 Forest AveCaroga LakeNY12032
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 Caroga Lake at 113 Forest Ave, Caroga Lake, NY, 12032 offers $2,761/mo rent that, after a $821/mo payment, leaves $1,641/mo cash flow. Total monthly income is $2,761/mo, and annual cash flow is $19,692/yr on $55,585 cash. Return on cash invested measures 55.34% in year one, and rental yield stands at 19.76% at a $167,677 entry. Equity gained on principal adds $1,082/yr while 5% annual appreciation compounds into $46,326 by year five. Five-year ROI records 293.45% and total cumulative return in cash reaches $163,116. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,761/mo property income versus a $821/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
7,980 sqft 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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Nearby investment properties with comparable prices
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