23 Lake Simond RdTupper 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
Investment property for sale in Tupper Lake at 23 Lake Simond Rd, Tupper Lake, NY, 12986 offers a 3.83% rental yield on a $949,900 purchase with $3,035/mo rent. 36% in year one. Equity gained on principal adds $6,130/yr while 5% annual appreciation supports $262,440 over five years. Portfolio math shows five-year ROI at 36.16% and total cumulative return in cash at $113,010. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,035/mo property income against a $4,649/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
1.14 Acres 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: Rob Gillis • Merrill L. Thomas - Gillis Team
Mls Name: ACVMLS
Mls ID: #206385