12 James StSaranac LakeNY12983
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 Saranac Lake at 12 James St, Saranac Lake, NY, 12983 generates $2,612/mo in rent and, after a $1,615/mo payment, leaves $409/mo in cash flow. Total monthly income is $2,612/mo, and annual cash flow is $4,902/yr on $109,395 invested. Return on cash invested sits at 24.39% in year one, and rental yield is 9.5% on a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 127.52% and total cumulative return in cash sums $139,499. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,612/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
5,227 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Blythe Niles-Linster • Engel & Volkers Lake Placid Real Estate
Mls Name: ACVMLS
Mls ID: #206325