24 Dunn WayLake 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
Rental property for sale in Lake Placid at 24 Dunn Way, Lake Placid, NY, 12946 priced at $775,000 converts $1,680/mo rent into after a $3,793/mo obligation. Total monthly income equals $1,680/mo. Return on cash invested prints 3.61% in year one, and rental yield reads 2.6% against a $775,000 entry. Equity gained on principal adds $5,001/yr, while 5% annual appreciation compiles into $214,118 by year five. Five-year ROI reaches 16.06% and total cumulative return in cash sums $40,939. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,680/mo property income covering a $3,793/mo payment, not borrower’s personal income.
Townhouse
Built in N/A
N/A 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: N/A • N/A
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