209 Lake AvenueLake LuzerneNY12846
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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 Luzerne at 209 Lake Avenue, Lake Luzerne, NY, 12846 priced at $269,000 pairs $2,614/mo rent with $817/mo cash flow after a $1,317/mo payment. Total monthly income equals $2,614/mo, and annual cash flow comes to $9,807/yr on $89,174 invested. Return on cash invested is 30.91% in year one, and rental yield stands at 11.66% on a $269,000 basis. Equity gained on principal adds $1,736/yr, and 5% annual appreciation accumulates to $74,320 by year five. Five-year ROI measures 162.49% and total cumulative return in cash reaches $144,899. For financing, Ziffy Mortgage’s DSCR program evaluates $2,614/mo property income against a $1,317/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12846, Lake Luzerne, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,111 (100%) |
| Owner Occupied HU | 1,119 (53.0%) |
| Renter Occupied HU | 241 (11.4%) |
| Vacant Housing Units | 751 (35.6%) |
| Median Home Value | $250,765 |
| Average Home Value | $314,401 |
Housing Distribution
Address Breakdown
Residential
1,260
Single Family
1,260
Multi-Family
0
Businesses
84
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Listed by: Mariah Jones • Find Advisors
Mls Name: Global MLS
Mls ID: #202530313