173 E Shore Rd WCaroga LakeNY12032
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 Caroga Lake at 173 E Shore Rd W, Caroga Lake, NY, 12032 offers $2,132/mo rent that, after a $1,835/mo payment. Total monthly income is $2,132/mo. Return on cash invested measures 16.32% in year one, and rental yield stands at 6.82% at a $375,000 entry. Equity gained on principal adds $2,420/yr while 5% annual appreciation compounds into $103,606 by year five. Five-year ROI records 84.27% and total cumulative return in cash reaches $104,763. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,132/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
4,791 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maryellen Charles • ADK REALTY
Mls Name: NY State MLS
Mls ID: #11501117