441 Lockhart Mountain Road #23Lake GeorgeNY12845
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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 George at 441 Lockhart Mountain Road #23, Lake George, NY, 12845 offers a 3.88% rental yield on a $515,500 purchase with $1,666/mo rent. 28% in year one. Equity gained on principal adds $3,326/yr while 5% annual appreciation supports $142,423 over five years. Portfolio math shows five-year ROI at 15.82% and total cumulative return in cash at $26,834. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,666/mo property income against a $2,523/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
871.20 sqft lot
$N/A/sqft
$595 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12845, Lake George, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,290 (100%) |
| Owner Occupied HU | 1,624 (37.9%) |
| Renter Occupied HU | 640 (14.9%) |
| Vacant Housing Units | 2,026 (47.2%) |
| Median Home Value | $398,131 |
| Average Home Value | $565,530 |
Housing Distribution
Address Breakdown
Residential
2,460
Single Family
2,424
Multi-Family
36
Businesses
420
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Listed by: Christina DeSimone • Miranda Real Estate Group, Inc
Mls Name: Global MLS
Mls Provider:
Mls ID: #202517701
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