22 Hemlock Way UNIT 16Lake PlacidNY12946
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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
Total monthly income runs $6,594/mo, and a $4,894/mo payment. Purchase price stands at $999,900, and rental yield measures 7.91% with $6,594/mo rent. Return on cash invested shows 19.76% in year one, and 5% annual appreciation builds toward $276,254 over five years. Five-year ROI reaches 102.64% and total cumulative return in cash records $337,640. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,594/mo property income covering a $4,894/mo payment rather than investor’s personal income.
Townhouse
Built in 1985
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12946, Lake Placid, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,244 (100%) |
| Owner Occupied HU | 1,545 (36.4%) |
| Renter Occupied HU | 1,059 (25.0%) |
| Vacant Housing Units | 1,640 (38.6%) |
| Median Home Value | $437,220 |
| Average Home Value | $535,099 |
Housing Distribution
Address Breakdown
Residential
2,825
Single Family
2,401
Multi-Family
424
Businesses
509
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Listed by: Blythe Niles-Linster • Engel & Volkers Lake Placid Real Estate
Mls Name: ACVMLS
Mls Provider:
Mls ID: #201323
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.