163 Parkside DrLake PlacidNY12946
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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
Total monthly income runs $1,680/mo, and a $3,402/mo payment. Purchase price stands at $695,000, and rental yield measures 2.9% with $1,680/mo rent. Return on cash invested shows 4.52% in year one, and 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 20.93% and total cumulative return in cash records $47,862. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,680/mo property income covering a $3,402/mo payment rather than investor’s personal income.
Multi Family
Built in 1920
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12946, Lake Placid, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,244 (100%) |
| Owner Occupied HU | 1,545 (36.4%) |
| Renter Occupied HU | 1,059 (25.0%) |
| Vacant Housing Units | 1,640 (38.6%) |
| Median Home Value | $437,220 |
| Average Home Value | $535,099 |
Housing Distribution
Address Breakdown
Residential
2,825
Single Family
2,401
Multi-Family
424
Businesses
509
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Listed by: Mark Adler • Adirondack Premier Properties Berkshire Hathaway HomeService
Mls Name: ACVMLS
Mls ID: #205583