39 Otter WayLake PlacidNY12946
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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 Placid at 39 Otter Way, Lake Placid, NY, 12946 earns $379/mo cash flow from $4,312/mo rent with a $2,883/mo payment. Total monthly income totals $4,312/mo, and annual cash flow totals $4,543/yr on $193,781 capital. ROI tracks 22.4% on current figures, and rental yield reads 8.79% at a $589,000 purchase. Equity gained on principal adds $3,801/yr, and 5% annual appreciation supports $162,730 over five years. Five-year ROI reaches 116.84% and total cumulative return in cash sums $226,418. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,312/mo property income instead of your personal income.
Single Family
Built in 2016
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12946, Lake Placid, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,244 (100%) |
| Owner Occupied HU | 1,545 (36.4%) |
| Renter Occupied HU | 1,059 (25.0%) |
| Vacant Housing Units | 1,640 (38.6%) |
| Median Home Value | $437,220 |
| Average Home Value | $535,099 |
Housing Distribution
Address Breakdown
Residential
2,825
Single Family
2,401
Multi-Family
424
Businesses
509
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Listed by: Francis (Bob) Miller • Bob Miller Real Estate
Mls Name: ACVMLS
Mls ID: #205400