122 Krempa DriveCaroga 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 122 Krempa Drive, Caroga Lake, NY, 12032 priced at $405,000 converts $2,487/mo rent into after a $1,982/mo obligation. Total monthly income equals $2,487/mo. Return on cash invested prints 17.97% in year one, and rental yield reads 7.37% against a $405,000 entry. Equity gained on principal adds $2,613/yr, while 5% annual appreciation compiles into $111,894 by year five. Five-year ROI reaches 93.06% and total cumulative return in cash sums $124,946. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,487/mo property income covering a $1,982/mo payment, not borrower’s personal income.
Single Family
Built in 2025
1.10 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: Paul Nestork • Coldwell Banker Prime Properties
Mls Name: Global MLS
Mls Provider:
Mls ID: #202513159
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