2800 State Route 3CadyvilleNY12918
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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 Cadyville at 2800 State Route 3, Cadyville, NY, 12918 uses $99,119 cash to close to unlock $8,445/yr annual cash flow and $704/mo monthly cash flow. Total monthly income runs $2,700/mo, and a $1,463/mo payment keeps the spread at $704/mo. Purchase price stands at $299,000, and rental yield measures 10.84% with $2,700/mo rent. Return on cash invested shows 28.43% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 149.18% and total cumulative return in cash records $147,862. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,700/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1965
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12918, Cadyville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,113 (100%) |
| Owner Occupied HU | 861 (77.4%) |
| Renter Occupied HU | 164 (14.7%) |
| Vacant Housing Units | 88 ( 7.9%) |
| Median Home Value | $216,329 |
| Average Home Value | $228,386 |
Housing Distribution
Address Breakdown
Residential
922
Single Family
922
Multi-Family
0
Businesses
21
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Listed by: Lisa McKenna • Engel & Volkers Lake Placid Real Estate
Mls Name: ACVMLS
Mls Provider:
Mls ID: #204257
Disclaimer: Listing data courtesy of the Internet Data Exchange (IDX) Program of the Adirondack Champlain Valley Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information deemed reliable but not guaranteed.