318 Howe RoadLake LuzerneNY12846
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Luzerne at 318 Howe Road, Lake Luzerne, NY, 12846 priced at $145,000 pairs $1,148/mo rent with $179/mo cash flow after a $710/mo payment. Total monthly income equals $1,148/mo, and annual cash flow comes to $2,153/yr on $48,068 invested. Return on cash invested is 24.39% in year one, and rental yield stands at 9.5% on a $145,000 basis. Equity gained on principal adds $936/yr, and 5% annual appreciation accumulates to $40,061 by year five. Five-year ROI measures 127.56% and total cumulative return in cash reaches $61,316. For financing, Ziffy Mortgage’s DSCR program evaluates $1,148/mo property income against a $710/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
11.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12846, Lake Luzerne, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,111 (100%) |
| Owner Occupied HU | 1,119 (53.0%) |
| Renter Occupied HU | 241 (11.4%) |
| Vacant Housing Units | 751 (35.6%) |
| Median Home Value | $250,765 |
| Average Home Value | $314,401 |
Housing Distribution
Address Breakdown
Residential
1,260
Single Family
1,260
Multi-Family
0
Businesses
84
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Listed by: Shayna L Goodson • Find Advisors
Mls Name: Global MLS
Mls ID: #202526929