115 Lake StSaranac LakeNY12983
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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 Saranac Lake at 115 Lake St, Saranac Lake, NY, 12983 with 5% annual appreciation on a $269,000 basis while $1,854/mo rent supports operations. Total monthly income totals $1,854/mo and a $1,317/mo payment preserves $57/mo for cash returns. Annual cash flow comes to $687/yr on $89,174 deployed, and return on cash invested reaches 20.68% in year one. Equity gained on principal adds $1,736/yr, and five-year appreciation sums $74,320 alongside rental yield of 8.27%. Five-year ROI measures 107.67% and total cumulative return in cash totals $96,011.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,854/mo property income versus a $1,317/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12983, Saranac Lake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,105 (100%) |
| Owner Occupied HU | 2,093 (41.0%) |
| Renter Occupied HU | 1,597 (31.3%) |
| Vacant Housing Units | 1,415 (27.7%) |
| Median Home Value | $245,250 |
| Average Home Value | $364,080 |
Housing Distribution
Address Breakdown
Residential
3,628
Single Family
3,194
Multi-Family
434
Businesses
570
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Listed by: Kathryn (Katie) Stiles • Adirondack Stiles Real Estate Company
Mls Name: ACVMLS
Mls ID: #205416