139 3rd AveCaroga 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
Investment property for sale in Caroga Lake at 139 3rd Ave, Caroga Lake, NY, 12032 uses $77,571 cash to close to unlock $1,280/yr annual cash flow and $107/mo monthly cash flow. Total monthly income runs $1,669/mo, and a $1,145/mo payment keeps the spread at $107/mo. Purchase price stands at $234,000, and rental yield measures 8.56% with $1,669/mo rent. Return on cash invested shows 21.56% in year one, and 5% annual appreciation builds toward $64,650 over five years. Five-year ROI reaches 112.33% and total cumulative return in cash records $87,135. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,669/mo property income covering a $1,145/mo payment rather than investor’s personal income.
Single Family
Built in 1953
4,791 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maryellen Charles • ADK REALTY
Mls Name: NY State MLS
Mls ID: #11508530