163 Alder Meadow RoadSchroon LakeNY12870
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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 Schroon Lake at 163 Alder Meadow Road, Schroon Lake, NY, 12870 uses $42,929 cash to close to unlock $1,717/yr annual cash flow and $143/mo monthly cash flow. Total monthly income runs $1,008/mo, and a $634/mo payment keeps the spread at $143/mo. Purchase price stands at $129,500, and rental yield measures 9.34% with $1,008/mo rent. Return on cash invested shows 23.91% in year one, and 5% annual appreciation builds toward $35,778 over five years. Five-year ROI reaches 125.07% and total cumulative return in cash records $53,690. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,008/mo property income covering a $634/mo payment rather than investor’s personal income.
Single Family
Built in 1950
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12870, Schroon Lake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,024 (100%) |
| Owner Occupied HU | 651 (32.2%) |
| Renter Occupied HU | 154 ( 7.6%) |
| Vacant Housing Units | 1,219 (60.2%) |
| Median Home Value | $407,554 |
| Average Home Value | $507,392 |
Housing Distribution
Address Breakdown
Residential
541
Single Family
541
Multi-Family
0
Businesses
92
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Listed by: Gary Glebus • Glebus Realty Inc.
Mls Name: Global MLS
Mls ID: #202519291