130 3rd AveCaroga 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
Investment property for sale in Caroga Lake at 130 3rd Ave, Caroga Lake, NY, 12032 listed at $289,900 pairs $2,180/mo rent with a $1,419/mo payment to leave $244/mo cash flow. Total monthly income runs $2,180/mo, and annual cash flow reaches $2,928/yr on $96,102 cash to close. Return on cash invested measures 22.96% in year one, and rental yield registers 9.02% at a $289,900 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,094 by year five. Five-year ROI tracks 119.87% and total cumulative return in cash totals $115,197. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,180/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1949
0.41 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: Maryellen Charles • ADK REALTY
Mls Name: NY State MLS
Mls ID: #11539055