300 Aldermeadow RdSchroon LakeNY12870
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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 Schroon Lake at 300 Aldermeadow Rd, Schroon Lake, NY, 12870 uses $47,736 cash to close to unlock $3,662/yr annual cash flow and $305/mo monthly cash flow. Total monthly income runs $1,267/mo, and a $705/mo payment keeps the spread at $305/mo. Purchase price stands at $144,000, and rental yield measures 10.56% with $1,267/mo rent. Return on cash invested shows 27.58% in year one, and 5% annual appreciation builds toward $39,785 over five years. Five-year ROI reaches 144.71% and total cumulative return in cash records $69,078. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,267/mo property income covering a $705/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.26 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
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