1582 State Route 30Tupper LakeNY12986
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 Tupper Lake at 1582 State Route 30, Tupper Lake, NY, 12986 priced at $1,100,000 converts $3,878/mo rent into after a $5,384/mo obligation. Total monthly income equals $3,878/mo. Return on cash invested prints 8.69% in year one, and rental yield reads 4.23% against a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation compiles into $303,910 by year five. Five-year ROI reaches 43.27% and total cumulative return in cash sums $154,207. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,878/mo property income covering a $5,384/mo payment, not borrower’s personal income.
Single Family
Built in 1907
1.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12986, Tupper Lake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,878 (100%) |
| Owner Occupied HU | 1,702 (43.9%) |
| Renter Occupied HU | 741 (19.1%) |
| Vacant Housing Units | 1,435 (37.0%) |
| Median Home Value | $175,000 |
| Average Home Value | $250,400 |
Housing Distribution
Address Breakdown
Residential
2,737
Single Family
2,522
Multi-Family
215
Businesses
222
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jodi Gunther • Adirondack Premier Properties Berkshire Hathaway HomeService
Mls Name: ACVMLS
Mls Provider:
Mls ID: #200144
Disclaimer: Listing data courtesy of the Internet Data Exchange (IDX) Program of the Adirondack Champlain Valley Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information deemed reliable but not guaranteed.