232 Fulton rd RoadCaroga LakeNY12032
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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 Caroga Lake at 232 Fulton rd Road, Caroga Lake, NY, 12032 priced at $640,000 converts $1,814/mo rent into after a $3,132/mo obligation. Total monthly income equals $1,814/mo. Return on cash invested prints 6.04% in year one, and rental yield reads 3.4% against a $640,000 entry. Equity gained on principal adds $4,130/yr, while 5% annual appreciation compiles into $176,820 by year five. Five-year ROI reaches 29.1% and total cumulative return in cash sums $61,278. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,814/mo property income covering a $3,132/mo payment, not borrower’s personal income.
Single Family
Built in 1931
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12032, Caroga Lake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 994 (100%) |
| Owner Occupied HU | 265 (26.7%) |
| Renter Occupied HU | 33 ( 3.3%) |
| Vacant Housing Units | 696 (70.0%) |
| Median Home Value | $254,310 |
| Average Home Value | $281,745 |
Housing Distribution
Address Breakdown
Residential
107
Single Family
107
Multi-Family
0
Businesses
37
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Listed by: John P Digesualdo • Howard Hanna Capital Inc
Mls Name: Global MLS
Mls ID: #202522801