142 S Shore RdOld ForgeNY13420
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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 Old Forge at 142 S Shore Rd, Old Forge, NY, 13420 offers $2,211/mo rent that, after a $3,059/mo payment. Total monthly income is $2,211/mo. Return on cash invested measures 8.61% in year one, and rental yield stands at 4.25% at a $624,900 entry. Equity gained on principal adds $4,032/yr while 5% annual appreciation compounds into $172,648 by year five. Five-year ROI records 42.84% and total cumulative return in cash reaches $88,073. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,211/mo property income versus a $3,059/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13420, Old Forge, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,422 (100%) |
| Owner Occupied HU | 492 (20.3%) |
| Renter Occupied HU | 137 ( 5.7%) |
| Vacant Housing Units | 1,793 (74.0%) |
| Median Home Value | $350,000 |
| Average Home Value | $456,712 |
Housing Distribution
Address Breakdown
Residential
95
Single Family
92
Multi-Family
3
Businesses
137
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