5885 Cascade RdLake PlacidNY12946
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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 Lake Placid at 5885 Cascade Rd, Lake Placid, NY, 12946 generates $2,898/mo in rent, after a $3,891/mo payment. Total monthly income is $2,898/mo. Return on cash invested sits at 9% in year one, and rental yield is 4.37% on a $795,000 entry. Equity gained on principal adds $5,130/yr, while 5% annual appreciation builds toward $219,644 over five years. Five-year ROI reaches 44.96% and total cumulative return in cash sums $117,598. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,898/mo property income rather than buyer’s personal income.
Single Family
Built in 2012
0.65 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
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Listed by: Amanda Marie Birchenough-Morrell • Engel & Volkers Lake Placid Real Estate
Mls Name: ACVMLS
Mls ID: #205202