165 Alderwood Park RdCaroga LakeNY12032
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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 Caroga Lake at 165 Alderwood Park Rd, Caroga Lake, NY, 12032 offers $1,300/mo rent that, after a $734/mo payment, leaves $299/mo cash flow. Total monthly income is $1,300/mo, and annual cash flow is $3,582/yr on $49,725 cash. Return on cash invested measures 27.11% in year one, and rental yield stands at 10.4% at a $150,000 entry. Equity gained on principal adds $968/yr while 5% annual appreciation compounds into $41,442 by year five. Five-year ROI records 142.18% and total cumulative return in cash reaches $70,698. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,300/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.48 Acres 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
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Listed by: Maryellen Charles • ADK REALTY
Mls Name: NY State MLS
Mls ID: #11553048