328 County Highway 137Caroga LakeNY12032
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
Investment property for sale in Caroga Lake at 328 County Highway 137, Caroga Lake, NY, 12032 offers a 10.98% rental yield on a $369,900 purchase with $3,386/mo rent. Total monthly income registers $3,386/mo, and a $1,810/mo payment leaves $916/mo available for distribution. Annual cash flow reaches $10,996/yr on $122,622 to close, and return on cash invested stands at 28.88% in year one. Equity gained on principal adds $2,387/yr while 5% annual appreciation supports $102,197 over five years. Portfolio math shows five-year ROI at 151.6% and total cumulative return in cash at $185,890. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,386/mo property income against a $1,810/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
9.96 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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Nearby investment properties with comparable prices
Listed by: Junell Pasquarelli • Junell Realty LLC
Mls Name: Global MLS
Mls ID: #202610988