424 Lake AvenueLake 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
Investment property for sale in Lake Luzerne at 424 Lake Avenue, Lake Luzerne, NY, 12846 uses $90,997 cash to close to unlock $16,854/yr annual cash flow and $1,404/mo monthly cash flow. Total monthly income runs $3,238/mo, and a $1,344/mo payment keeps the spread at $1,404/mo. Purchase price stands at $274,500, and rental yield measures 14.16% with $3,238/mo rent. Return on cash invested shows 38.43% in year one, and 5% annual appreciation builds toward $75,839 over five years. Five-year ROI reaches 202.83% and total cumulative return in cash records $184,570. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,238/mo property income covering a $1,344/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.65 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: Denise T Mosono Allen • Hunt ERA
Mls Name: Global MLS
Mls Provider:
Mls ID: #202415751
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Judy Moriarty, Zillow, Inc., Corp. Broker