3014 Lake Shore Dr #17DLake 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
Rental property for sale in Lake George at 3014 Lake Shore Dr #17D, Lake George, NY, 12845 generates $900/mo in rent and, after a $587/mo payment, leaves $99/mo in cash flow. Total monthly income is $900/mo, and annual cash flow is $1,188/yr on $39,780 invested. Return on cash invested sits at 22.9% in year one, and rental yield is 9% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 119.47% and total cumulative return in cash sums $47,527. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $900/mo property income rather than buyer’s personal income.
Condo
Built in 1993
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: #202519255