59 Maryland AveSaranac LakeNY12983
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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 Saranac Lake at 59 Maryland Ave, Saranac Lake, NY, 12983 uses $79,353 cash to close to unlock $17,989/yr annual cash flow and $1,499/mo monthly cash flow. Total monthly income runs $3,098/mo, and a $1,172/mo payment keeps the spread at $1,499/mo. Purchase price stands at $239,375, and rental yield measures 15.53% with $3,098/mo rent. Return on cash invested shows 42.58% in year one, and 5% annual appreciation builds toward $66,135 over five years. Five-year ROI reaches 225.11% and total cumulative return in cash records $178,630. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,098/mo property income covering a $1,172/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.50 Acres 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
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