5 Howland RdCranberry LakeNY12927
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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 Cranberry Lake at 5 Howland Rd, Cranberry Lake, NY, 12927 offers $1,946/mo rent that, after a $3,279/mo payment. Total monthly income is $1,946/mo. Return on cash invested measures 6.3% in year one, and rental yield stands at 3.49% at a $670,000 entry. Equity gained on principal adds $4,323/yr while 5% annual appreciation compounds into $185,109 by year five. Five-year ROI records 30.49% and total cumulative return in cash reaches $67,205. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,946/mo property income versus a $3,279/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
1.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12927, Cranberry Lake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 159 (100%) |
| Owner Occupied HU | 22 (13.8%) |
| Renter Occupied HU | 5 ( 3.1%) |
| Vacant Housing Units | 132 (83.0%) |
| Median Home Value | $118,750 |
| Average Home Value | $196,136 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
25
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Listed by: Kathryn (Kate) Bencze • Coldwell Banker Whitbeck Assoc Tupper Lake
Mls Name: ACVMLS
Mls Provider:
Mls ID: #204726
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.