41 Gage Hill DriveLake LuzerneNY12846
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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 Lake Luzerne at 41 Gage Hill Drive, Lake Luzerne, NY, 12846 generates $1,867/mo in rent and, after a $1,248/mo payment, leaves $164/mo in cash flow. Total monthly income is $1,867/mo, and annual cash flow is $1,971/yr on $84,533 invested. Return on cash invested sits at 22.24% in year one, and rental yield is 8.79% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 116.02% and total cumulative return in cash sums $98,072. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,867/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12846, Lake Luzerne, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,111 (100%) |
| Owner Occupied HU | 1,119 (53.0%) |
| Renter Occupied HU | 241 (11.4%) |
| Vacant Housing Units | 751 (35.6%) |
| Median Home Value | $250,765 |
| Average Home Value | $314,401 |
Housing Distribution
Address Breakdown
Residential
1,260
Single Family
1,260
Multi-Family
0
Businesses
84
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Listed by: Stuart Thomas • Reality Realty
Mls Name: Global MLS
Mls ID: #202525797