202 Stone Schoolhouse RoadLake GeorgeNY12845
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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
Rental property for sale in Lake George at 202 Stone Schoolhouse Road, Lake George, NY, 12845 priced at $685,000 pairs $3,952/mo rent with after a $3,353/mo payment. Total monthly income equals $3,952/mo. Return on cash invested is 16.75% in year one, and rental yield stands at 6.92% on a $685,000 basis. Equity gained on principal adds $4,420/yr, and 5% annual appreciation accumulates to $189,253 by year five. Five-year ROI measures 86.49% and total cumulative return in cash reaches $194,926. For financing, Ziffy Mortgage’s DSCR program evaluates $3,952/mo property income against a $3,353/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2004
2.01 Acres 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
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Listed by: Ashley Nagy • Davies-Davies & Assoc Real Est
Mls Name: Global MLS
Mls Provider:
Mls ID: #202520142