3389 County Route 26Loon LakeNY12989
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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 Loon Lake at 3389 County Route 26, Loon Lake, NY, 12989 listed at $475,000 pairs $0/mo rent with a $2,325/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -4.26% in year one, and rental yield registers 0% at a $475,000 basis. Equity gained on principal adds $3,065/yr, and annual property appreciation at 5% supports $131,234 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $2,325/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1890
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12989, Vermontville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 874 (100%) |
| Owner Occupied HU | 385 (44.1%) |
| Renter Occupied HU | 48 ( 5.5%) |
| Vacant Housing Units | 441 (50.5%) |
| Median Home Value | $271,875 |
| Average Home Value | $314,435 |
Housing Distribution
Address Breakdown
Residential
467
Single Family
467
Multi-Family
0
Businesses
14
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No similar rental properties found nearby.
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Listed by: Beth Hall • Adirondack Premier Properties Berkshire Hathaway HomeService
Mls Name: ACVMLS
Mls Provider:
Mls ID: #202563
Disclaimer: Listing data courtesy of the Internet Data Exchange (IDX) Program of the Adirondack Champlain Valley Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information deemed reliable but not guaranteed.