566 Us Highway 9Schroon LakeNY12870
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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 Schroon Lake at 566 Us Highway 9, Schroon Lake, NY, 12870 listed at $1,050,000 pairs $0/mo rent with a $5,139/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -4.36% in year one, and rental yield registers 0% at a $1,050,000 basis. Equity gained on principal adds $6,775/yr, and annual property appreciation at 5% supports $290,096 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $5,139/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1964
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12870, Schroon Lake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,024 (100%) |
| Owner Occupied HU | 651 (32.2%) |
| Renter Occupied HU | 154 ( 7.6%) |
| Vacant Housing Units | 1,219 (60.2%) |
| Median Home Value | $407,554 |
| Average Home Value | $507,392 |
Housing Distribution
Address Breakdown
Residential
541
Single Family
541
Multi-Family
0
Businesses
92
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No similar rental properties found nearby.
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Listed by: Angela L Mead • Gallo Realty ADK, Inc
Mls Name: ACVMLS
Mls Provider:
Mls ID: #203168
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.