3259 Lake Shore Drive #4Lake GeorgeNY12824
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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 3259 Lake Shore Drive #4, Lake George, NY, 12824 offers a 3.66% rental yield on a $1,495,000 purchase with $4,560/mo rent. 93% in year one. Equity gained on principal adds $9,647/yr while 5% annual appreciation supports $413,041 over five years. Portfolio math shows five-year ROI at 33.82% and total cumulative return in cash at $163,837. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,560/mo property income against a $7,317/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2024
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12824, Diamond Point, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,089 (100%) |
| Owner Occupied HU | 350 (32.1%) |
| Renter Occupied HU | 75 ( 6.9%) |
| Vacant Housing Units | 664 (61.0%) |
| Median Home Value | $589,286 |
| Average Home Value | $942,450 |
Housing Distribution
Address Breakdown
Residential
384
Single Family
384
Multi-Family
0
Businesses
24
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Listed by: Angela Cugini-Girard • eXp Realty
Mls Name: Global MLS
Mls ID: #202523501