375 N Lake RdTannersvilleNY12485
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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
Rental property for sale in Tannersville at 375 N Lake Rd, Tannersville, NY, 12485 priced at $459,000 converts $2,792/mo rent into after a $2,247/mo obligation. Total monthly income equals $2,792/mo. Return on cash invested prints 17.75% in year one, and rental yield reads 7.3% against a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation compiles into $126,813 by year five. Five-year ROI reaches 91.93% and total cumulative return in cash sums $139,883. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,792/mo property income covering a $2,247/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12485, Tannersville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 784 (100%) |
| Owner Occupied HU | 269 (34.3%) |
| Renter Occupied HU | 120 (15.3%) |
| Vacant Housing Units | 395 (50.4%) |
| Median Home Value | $376,316 |
| Average Home Value | $381,078 |
Housing Distribution
Address Breakdown
Residential
17
Single Family
17
Multi-Family
0
Businesses
101
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Listed by: Frances Clark • BUNCE REALTY
Mls Name: NY State MLS
Mls ID: #11561849