241 Algonquin DrLake 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 241 Algonquin Dr, Lake Placid, NY, 12946 at $1,725,000 posts ROI 6.89% with from $5,243/mo rent. Total monthly income equals $5,243/mo. Return on cash invested measures 6.89% and rental yield reads 3.65% at the current $1,725,000. Equity gained on principal adds $11,131/yr, and 5% annual appreciation supports $476,586 by year five. Five-year ROI prints 33.61% and total cumulative return in cash totals $187,820. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,243/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2000
0.72 Acres 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: Cheryl (Cherrie) Sayles • Say Real Estate
Mls Name: ACVMLS
Mls ID: #205246