13 Footpath WayLake GeorgeNY12845
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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 Lake George at 13 Footpath Way, Lake George, NY, 12845 listed at $670,000 pairs $3,155/mo rent with a $3,279/mo payment. Total monthly income runs $3,155/mo. Return on cash invested measures 12.88% in year one, and rental yield registers 5.65% at a $670,000 basis. Equity gained on principal adds $4,323/yr, and annual property appreciation at 5% supports $185,109 by year five. Five-year ROI tracks 65.78% and total cumulative return in cash totals $144,989. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,155/mo property income relative to a $3,279/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12845, Lake George, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,290 (100%) |
| Owner Occupied HU | 1,624 (37.9%) |
| Renter Occupied HU | 640 (14.9%) |
| Vacant Housing Units | 2,026 (47.2%) |
| Median Home Value | $398,131 |
| Average Home Value | $565,530 |
Housing Distribution
Address Breakdown
Residential
2,460
Single Family
2,424
Multi-Family
36
Businesses
420
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Listed by: Alex Cooley • Compass Greater NY, LLC
Mls Name: Global MLS
Mls ID: #202611085