31 Bayside Dr #1-BSaranac LakeNY12983
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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 Saranac Lake at 31 Bayside Dr #1-B, Saranac Lake, NY, 12983 offers $4,230/mo rent that, after a $3,605/mo payment. Total monthly income is $4,230/mo. Return on cash invested measures 16.65% in year one, and rental yield stands at 6.89% at a $736,500 entry. Equity gained on principal adds $4,753/yr while 5% annual appreciation compounds into $203,481 by year five. Five-year ROI records 85.98% and total cumulative return in cash reaches $208,347. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,230/mo property income versus a $3,605/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12983, Saranac Lake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,105 (100%) |
| Owner Occupied HU | 2,093 (41.0%) |
| Renter Occupied HU | 1,597 (31.3%) |
| Vacant Housing Units | 1,415 (27.7%) |
| Median Home Value | $245,250 |
| Average Home Value | $364,080 |
Housing Distribution
Address Breakdown
Residential
3,628
Single Family
3,194
Multi-Family
434
Businesses
570
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