2 Cherry StreetLake GeorgeNY12845
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 Lake George at 2 Cherry Street, Lake George, NY, 12845 earns from $1,921/mo rent with a $1,468/mo payment. Total monthly income totals $1,921/mo. ROI tracks 18.92% on current figures, and rental yield reads 7.69% at a $299,900 purchase. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 over five years. Five-year ROI reaches 98.22% and total cumulative return in cash sums $97,648. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,921/mo property income instead of your personal income.
Single Family
Built in 2005
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12845, Lake George, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,290 (100%) |
| Owner Occupied HU | 1,624 (37.9%) |
| Renter Occupied HU | 640 (14.9%) |
| Vacant Housing Units | 2,026 (47.2%) |
| Median Home Value | $398,131 |
| Average Home Value | $565,530 |
Housing Distribution
Address Breakdown
Residential
2,460
Single Family
2,424
Multi-Family
36
Businesses
420
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cheryl M Hayes • Adirondack Real Estate LLC
Mls Name: Global MLS
Mls ID: #202519640