5839 Cascade RdLake PlacidNY12946
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
Investment property for sale in Lake Placid at 5839 Cascade Rd, Lake Placid, NY, 12946 listed at $775,000 pairs $6,803/mo rent with a $3,793/mo payment to leave $1,628/mo cash flow. Total monthly income runs $6,803/mo, and annual cash flow reaches $19,535/yr on $254,975 cash to close. Return on cash invested measures 27.72% in year one, and rental yield registers 10.53% at a $775,000 basis. Equity gained on principal adds $5,001/yr, and annual property appreciation at 5% supports $214,118 by year five. Five-year ROI tracks 145.35% and total cumulative return in cash totals $370,603. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,803/mo property income relative to a $3,793/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12946, Lake Placid, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,244 (100%) |
| Owner Occupied HU | 1,545 (36.4%) |
| Renter Occupied HU | 1,059 (25.0%) |
| Vacant Housing Units | 1,640 (38.6%) |
| Median Home Value | $437,220 |
| Average Home Value | $535,099 |
Housing Distribution
Address Breakdown
Residential
2,825
Single Family
2,401
Multi-Family
424
Businesses
509
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marie Wigger Morgan • Merrill L. Thomas, Inc.
Mls Name: ACVMLS
Mls Provider:
Mls ID: #201739
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.