177 First AvenueCaroga 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 177 First Avenue, Caroga Lake, NY, 12032 priced at $224,500 pairs $2,724/mo rent with $1,225/mo cash flow after a $1,099/mo payment. Total monthly income equals $2,724/mo, and annual cash flow comes to $14,696/yr on $74,422 invested. Return on cash invested is 39.66% in year one, and rental yield stands at 14.56% on a $224,500 basis. Equity gained on principal adds $1,449/yr, and 5% annual appreciation accumulates to $62,025 by year five. Five-year ROI measures 209.38% and total cumulative return in cash reaches $155,828. For financing, Ziffy Mortgage’s DSCR program evaluates $2,724/mo property income against a $1,099/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
6,969 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
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Listed by: Katrina F Ruberti • Howard Hanna
Mls Name: Global MLS
Mls Provider:
Mls ID: #202421158
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Judy Moriarty, Zillow, Inc., Corp. Broker