23 Lafayette StTupper LakeNY12986
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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 Tupper Lake at 23 Lafayette St, Tupper Lake, NY, 12986 generates $2,456/mo in rent and, after a $661/mo payment, leaves $1,554/mo in cash flow. Total monthly income is $2,456/mo, and annual cash flow is $18,651/yr on $44,753 invested. Return on cash invested sits at 61.58% in year one, and rental yield is 21.83% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 327.05% and total cumulative return in cash sums $146,365. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,456/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12986, Tupper Lake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,878 (100%) |
| Owner Occupied HU | 1,702 (43.9%) |
| Renter Occupied HU | 741 (19.1%) |
| Vacant Housing Units | 1,435 (37.0%) |
| Median Home Value | $175,000 |
| Average Home Value | $250,400 |
Housing Distribution
Address Breakdown
Residential
2,737
Single Family
2,522
Multi-Family
215
Businesses
222
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Listed by: Linda Pickering • Merrill L. Thomas - Gillis Team
Mls Name: ACVMLS
Mls Provider:
Mls ID: #204565
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.