50 Clifford Rd UNIT 3Saranac LakeNY12983
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Total monthly income runs $1,074/mo, and a $1,273/mo payment. Purchase price stands at $260,000, and rental yield measures 4.96% with $1,074/mo rent. Return on cash invested shows 10.68% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 54.04% and total cumulative return in cash records $46,577. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,074/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Condo
Built in 2000
435.60 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Francis (Bob) Miller • Bob Miller Real Estate
Mls Name: ACVMLS
Mls Provider:
Mls ID: #202710
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.