30 Rockland DrLake GeorgeNY12845
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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 George at 30 Rockland Dr, Lake George, NY, 12845 uses $38,620 cash to close to unlock $24,003/yr annual cash flow and $2,000/mo monthly cash flow. Total monthly income runs $2,778/mo, and a $570/mo payment keeps the spread at $2,000/mo. Purchase price stands at $116,500, and rental yield measures 28.61% with $2,778/mo rent. Return on cash invested shows 82.06% in year one, and 5% annual appreciation builds toward $32,187 over five years. Five-year ROI reaches 436.88% and total cumulative return in cash records $168,720. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,778/mo property income covering a $570/mo payment rather than investor’s personal income.
Single Family
Built in 1989
435 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12845, Lake George, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,290 (100%) |
| Owner Occupied HU | 1,624 (37.9%) |
| Renter Occupied HU | 640 (14.9%) |
| Vacant Housing Units | 2,026 (47.2%) |
| Median Home Value | $398,131 |
| Average Home Value | $565,530 |
Housing Distribution
Address Breakdown
Residential
2,460
Single Family
2,424
Multi-Family
36
Businesses
420
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