173 Severance RdSchroon LakeNY12870
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
Investment property for sale in Schroon Lake at 173 Severance Rd, Schroon Lake, NY, 12870 at $285,000 posts ROI 29.41% with $748/mo cash flow from $2,651/mo rent. Total monthly income equals $2,651/mo, and annual cash flow records $8,973/yr on $94,478 to close. Return on cash invested measures 29.41% and rental yield reads 11.16% at the current $285,000. Equity gained on principal adds $1,839/yr, and 5% annual appreciation supports $78,740 by year five. Five-year ROI prints 154.42% and total cumulative return in cash totals $145,890.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,651/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1920
1.70 Acres 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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Nearby investment properties with comparable prices
Listed by: Derek Eisenberg • Continental Real Estate Group, Inc
Mls Name: ACVMLS
Mls Provider:
Mls ID: #204506
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.