3014 Lake Shore Dr #16CLake 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 3014 Lake Shore Dr #16C, Lake George, NY, 12845 listed at $139,000 pairs $1,056/mo rent with a $680/mo payment to leave $128/mo cash flow. Total monthly income runs $1,056/mo, and annual cash flow reaches $1,537/yr on $46,079 cash to close. Return on cash invested measures 23.25% in year one, and rental yield registers 9.12% at a $139,000 basis. Equity gained on principal adds $897/yr, and annual property appreciation at 5% supports $38,403 by year five. Five-year ROI tracks 121.48% and total cumulative return in cash totals $55,976. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,056/mo property income relative to a $680/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1990
435.60 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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Listed by: Dawn Tuttle • HUNT Real Estate
Mls Name: HUNT ERA Real Estate
Mls ID: #202518467