191 Lake RdStar LakeNY13690
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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
Investment property for sale in Star Lake at 191 Lake Rd, Star Lake, NY, 13690 listed at $389,900 pairs $3,390/mo rent with a $1,908/mo payment to leave $787/mo cash flow. Total monthly income runs $3,390/mo, and annual cash flow reaches $9,440/yr on $129,252 cash to close. Return on cash invested measures 27.21% in year one, and rental yield registers 10.43% at a $389,900 basis. Equity gained on principal adds $2,516/yr, and annual property appreciation at 5% supports $107,722 by year five. Five-year ROI tracks 142.65% and total cumulative return in cash totals $184,381. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,390/mo property income relative to a $1,908/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1979
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13690, Star Lake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 512 (100%) |
| Owner Occupied HU | 242 (47.3%) |
| Renter Occupied HU | 73 (14.3%) |
| Vacant Housing Units | 197 (38.5%) |
| Median Home Value | $209,722 |
| Average Home Value | $222,438 |
Housing Distribution
Address Breakdown
Residential
254
Single Family
254
Multi-Family
0
Businesses
39
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Listed by: Tina Trudeau-Davis • Coldwell Banker Whitbeck Assoc Tupper Lake
Mls Name: ACVMLS
Mls Provider:
Mls ID: #201772
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.