3228 State Route 29aCaroga LakeNY12032
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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 Caroga Lake at 3228 State Route 29a, Caroga Lake, NY, 12032 earns $187/mo cash flow from $1,182/mo rent with a $729/mo payment. Total monthly income totals $1,182/mo, and annual cash flow totals $2,247/yr on $49,394 capital. ROI tracks 24.46% on current figures, and rental yield reads 9.52% at a $149,000 purchase. Equity gained on principal adds $961/yr, and 5% annual appreciation supports $41,166 over five years. Five-year ROI reaches 127.94% and total cumulative return in cash sums $63,196. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,182/mo property income instead of your personal income.
Single Family
Built in 1960
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12032, Caroga Lake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 994 (100%) |
| Owner Occupied HU | 265 (26.7%) |
| Renter Occupied HU | 33 ( 3.3%) |
| Vacant Housing Units | 696 (70.0%) |
| Median Home Value | $254,310 |
| Average Home Value | $281,745 |
Housing Distribution
Address Breakdown
Residential
107
Single Family
107
Multi-Family
0
Businesses
37
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Listed by: Breia Hunter • SimpleList LLC
Mls Name: NY State MLS
Mls ID: #11619886