1699 Lakeshore RdEssexNY12936
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 Essex at 1699 Lakeshore Rd, Essex, NY, 12936 priced at $325,000 pairs $2,237/mo rent with $66/mo cash flow after a $1,591/mo payment. Total monthly income equals $2,237/mo, and annual cash flow comes to $797/yr on $107,738 invested. Return on cash invested is 20.65% in year one, and rental yield stands at 8.26% on a $325,000 basis. Equity gained on principal adds $2,097/yr, and 5% annual appreciation accumulates to $89,792 by year five. Five-year ROI measures 107.46% and total cumulative return in cash reaches $115,777. For financing, Ziffy Mortgage’s DSCR program evaluates $2,237/mo property income against a $1,591/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12936, Essex, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 510 (100%) |
| Owner Occupied HU | 216 (42.4%) |
| Renter Occupied HU | 37 ( 7.3%) |
| Vacant Housing Units | 257 (50.4%) |
| Median Home Value | $358,333 |
| Average Home Value | $372,535 |
Housing Distribution
Address Breakdown
Residential
218
Single Family
218
Multi-Family
0
Businesses
40
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Listed by: Heather Maxey • Adirondack Realty Berkshire Hathaway HomeServices
Mls Name: ACVMLS
Mls Provider:
Mls ID: #202723
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.