242 Blue Spruce DrLoon LakeNY12989
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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 Loon Lake at 242 Blue Spruce Dr, Loon Lake, NY, 12989 at $525,000 posts ROI 12.21% with from $2,376/mo rent. Total monthly income equals $2,376/mo. Return on cash invested measures 12.21% and rental yield reads 5.43% at the current $525,000. Equity gained on principal adds $3,388/yr, and 5% annual appreciation supports $145,048 by year five. Five-year ROI prints 62.16% and total cumulative return in cash totals $107,361. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,376/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1977
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12989, Vermontville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 874 (100%) |
| Owner Occupied HU | 385 (44.1%) |
| Renter Occupied HU | 48 ( 5.5%) |
| Vacant Housing Units | 441 (50.5%) |
| Median Home Value | $271,875 |
| Average Home Value | $314,435 |
Housing Distribution
Address Breakdown
Residential
467
Single Family
467
Multi-Family
0
Businesses
14
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