2350 Saranac AveLake 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
Investment property for sale in Lake Placid at 2350 Saranac Ave, Lake Placid, NY, 12946 listed at $895,000 pairs $3,637/mo rent with a $4,381/mo payment. Total monthly income runs $3,637/mo. Return on cash invested measures 10.52% in year one, and rental yield registers 4.88% at a $895,000 basis. Equity gained on principal adds $5,775/yr, and annual property appreciation at 5% supports $247,272 by year five. Five-year ROI tracks 53.12% and total cumulative return in cash totals $156,410. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,637/mo property income relative to a $4,381/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1908
8,712 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: Stuart Ruttan, II • Merrill L. Thomas, Inc.
Mls Name: ACVMLS
Mls ID: #204818