48 Old Lake Colby RdSaranac LakeNY12983
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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 Saranac Lake at 48 Old Lake Colby Rd, Saranac Lake, NY, 12983 with 5% annual appreciation on a $459,000 basis while $3,546/mo rent supports operations. Total monthly income totals $3,546/mo and a $2,247/mo payment preserves $480/mo for cash returns. Annual cash flow comes to $5,765/yr on $152,159 deployed, and return on cash invested reaches 23.7% in year one. Equity gained on principal adds $2,962/yr, and five-year appreciation sums $126,813 alongside rental yield of 9.27%. Five-year ROI measures 123.82% and total cumulative return in cash totals $188,399.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,546/mo property income versus a $2,247/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12983, Saranac Lake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,105 (100%) |
| Owner Occupied HU | 2,093 (41.0%) |
| Renter Occupied HU | 1,597 (31.3%) |
| Vacant Housing Units | 1,415 (27.7%) |
| Median Home Value | $245,250 |
| Average Home Value | $364,080 |
Housing Distribution
Address Breakdown
Residential
3,628
Single Family
3,194
Multi-Family
434
Businesses
570
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Listed by: Lisa McKenna • Engel & Volkers Lake Placid Real Estate
Mls Name: ACVMLS
Mls Provider:
Mls ID: #203773
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.