208 Old Lake Colby RdSaranac lakeNY12983
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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 Saranac lake at 208 Old Lake Colby Rd, Saranac lake, NY, 12983 with 5% annual appreciation on a $360,500 basis while $3,337/mo rent supports operations. Total monthly income totals $3,337/mo and a $1,764/mo payment preserves $930/mo for cash returns. Annual cash flow comes to $11,161/yr on $119,506 deployed, and return on cash invested reaches 29.25% in year one. Equity gained on principal adds $2,326/yr, and five-year appreciation sums $99,600 alongside rental yield of 11.11%. Five-year ROI measures 153.6% and total cumulative return in cash totals $183,562.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,337/mo property income versus a $1,764/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1890
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12983, Saranac Lake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,105 (100%) |
| Owner Occupied HU | 2,093 (41.0%) |
| Renter Occupied HU | 1,597 (31.3%) |
| Vacant Housing Units | 1,415 (27.7%) |
| Median Home Value | $245,250 |
| Average Home Value | $364,080 |
Housing Distribution
Address Breakdown
Residential
3,628
Single Family
3,194
Multi-Family
434
Businesses
570
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Listed by: Kristina Clifford • Say Real Estate
Mls Name: ACVMLS
Mls Provider:
Mls ID: #205275
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.