138 First AvenueCaroga LakeNY12032
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 Caroga Lake at 138 First Avenue, Caroga Lake, NY, 12032 offers $1,392/mo rent that, after a $856/mo payment, leaves $217/mo cash flow. Total monthly income is $1,392/mo, and annual cash flow is $2,609/yr on $57,979 cash. Return on cash invested measures 24.41% in year one, and rental yield stands at 9.55% at a $174,900 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,322 by year five. Five-year ROI records 127.7% and total cumulative return in cash reaches $74,040. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,392/mo property income versus a $856/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
0.26 Acres lot
$N/A/sqft
$80 annually 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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Nearby investment properties with comparable prices
Listed by: Steven King • Venture Realty Partners
Mls Name: Global MLS
Mls Provider:
Mls ID: #202518250
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