60 Grand View AveLake 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
Investment property for sale in Lake Placid at 60 Grand View Ave, Lake Placid, NY, 12946 with 5% annual appreciation on a $250,000 basis while $5,875/mo rent supports operations. Total monthly income totals $5,875/mo and a $1,224/mo payment preserves $4,205/mo for cash returns. Annual cash flow comes to $50,462/yr on $82,875 deployed, and return on cash invested reaches 80.8% in year one. Equity gained on principal adds $1,613/yr, and five-year appreciation sums $69,070 alongside rental yield of 28.2%. Five-year ROI measures 430.06% and total cumulative return in cash totals $356,410.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,875/mo property income versus a $1,224/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1963
0.40 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: Samantha Kelley • Tranzon Auction Properties
Mls Name: My State MLS
Mls ID: #11293753