55 Lake View DrAdirondackNY12808
Nearby investment properties with comparable rents
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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 Adirondack at 55 Lake View Dr, Adirondack, NY, 12808 priced at $980,000 converts $2,634/mo rent into after a $4,797/mo obligation. Total monthly income equals $2,634/mo. Return on cash invested prints 5.51% in year one, and rental yield reads 3.23% against a $980,000 entry. Equity gained on principal adds $6,324/yr, while 5% annual appreciation compiles into $270,756 by year five. Five-year ROI reaches 26.22% and total cumulative return in cash sums $84,540. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,634/mo property income covering a $4,797/mo payment, not borrower’s personal income.
Single Family
Built in 1973
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12808, Adirondack, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 510 (100%) |
| Owner Occupied HU | 155 (30.4%) |
| Renter Occupied HU | 18 ( 3.5%) |
| Vacant Housing Units | 337 (66.1%) |
| Median Home Value | $475,000 |
| Average Home Value | $573,274 |
Housing Distribution
Address Breakdown
Residential
169
Single Family
169
Multi-Family
0
Businesses
12
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Listed by: Brooke Clark • Four Seasons Sotheby's International Realty
Mls Name: ACVMLS
Mls ID: #206024