4903 Cascade RdLake PlacidNY12946
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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 Placid at 4903 Cascade Rd, Lake Placid, NY, 12946 uses $109,064 cash to close to unlock $3,975/yr annual cash flow and $331/mo monthly cash flow. Total monthly income runs $2,528/mo, and a $1,610/mo payment keeps the spread at $331/mo. Purchase price stands at $329,000, and rental yield measures 9.22% with $2,528/mo rent. Return on cash invested shows 23.55% in year one, and 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 123.05% and total cumulative return in cash records $134,205. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,528/mo property income covering a $1,610/mo payment rather than investor’s personal income.
Single Family
Built in 1965
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12946, Lake Placid, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,244 (100%) |
| Owner Occupied HU | 1,545 (36.4%) |
| Renter Occupied HU | 1,059 (25.0%) |
| Vacant Housing Units | 1,640 (38.6%) |
| Median Home Value | $437,220 |
| Average Home Value | $535,099 |
Housing Distribution
Address Breakdown
Residential
2,825
Single Family
2,401
Multi-Family
424
Businesses
509
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Listed by: Francis (Bob) Miller • Bob Miller Real Estate
Mls Name: ACVMLS
Mls ID: #205784