120 N Shore Rd WCaroga 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
Rental property for sale in Caroga Lake at 120 N Shore Rd W, Caroga Lake, NY, 12032 priced at $229,888 converts $1,321/mo rent into after a $1,125/mo obligation. Total monthly income equals $1,321/mo. Return on cash invested prints 16.54% in year one, and rental yield reads 6.9% against a $229,888 entry. Equity gained on principal adds $1,483/yr, while 5% annual appreciation compiles into $63,514 by year five. Five-year ROI reaches 85.48% and total cumulative return in cash sums $65,144. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,321/mo property income covering a $1,125/mo payment, not borrower’s personal income.
Single Family
Built in 1930
7,405 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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Listed by: Maryellen Charles • ADK REALTY
Mls Name: NY State MLS
Mls ID: #11283195