5 Smokey Bear LaneLake 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 5 Smokey Bear Lane, Lake George, NY, 12845 at $550,000 posts ROI 8.08% with from $1,866/mo rent. Total monthly income equals $1,866/mo. Return on cash invested measures 8.08% and rental yield reads 4.07% at the current $550,000. Equity gained on principal adds $3,549/yr, and 5% annual appreciation supports $151,955 by year five. Five-year ROI prints 40.03% and total cumulative return in cash totals $72,430. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,866/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1968
2,178 sqft lot
$N/A/sqft
No 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: Ashley Nagy • Davies-Davies & Assoc Real Est
Mls Name: Global MLS
Mls ID: #202528054