40 Carthage WayLong LakeNY12847
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
Rental property for sale in Long Lake at 40 Carthage Way, Long Lake, NY, 12847 priced at $225,000 converts $2,111/mo rent into $609/mo cash flow after a $1,101/mo obligation. Total monthly income equals $2,111/mo, and annual cash flow totals $7,305/yr on $74,588 invested. Return on cash invested prints 29.7% in year one, and rental yield reads 11.26% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 156.01% and total cumulative return in cash sums $116,361. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,111/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1950
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12847, Long Lake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,536 (100%) |
| Owner Occupied HU | 303 (19.7%) |
| Renter Occupied HU | 70 ( 4.6%) |
| Vacant Housing Units | 1,163 (75.7%) |
| Median Home Value | $299,342 |
| Average Home Value | $381,667 |
Housing Distribution
Address Breakdown
Residential
113
Single Family
113
Multi-Family
0
Businesses
53
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amanda Gadway • Gadway Realty
Mls Name: ACVMLS
Mls Provider:
Mls ID: #204951
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.