24 French RoadSchroon LakeNY12870
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Schroon Lake at 24 French Road, Schroon Lake, NY, 12870 offers $1,753/mo rent that, after a $1,223/mo payment, leaves $84/mo cash flow. Total monthly income is $1,753/mo, and annual cash flow is $1,012/yr on $82,842 cash. Return on cash invested measures 21.13% in year one, and rental yield stands at 8.42% at a $249,900 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,043 by year five. Five-year ROI records 110.08% and total cumulative return in cash reaches $91,190. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,753/mo property income versus a $1,223/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12870, Schroon Lake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,024 (100%) |
| Owner Occupied HU | 651 (32.2%) |
| Renter Occupied HU | 154 ( 7.6%) |
| Vacant Housing Units | 1,219 (60.2%) |
| Median Home Value | $407,554 |
| Average Home Value | $507,392 |
Housing Distribution
Address Breakdown
Residential
541
Single Family
541
Multi-Family
0
Businesses
92
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Walter S Swartz • Gallo Realty ADK Inc
Mls Name: Global MLS
Mls ID: #202530220