6159 State Route 28Indian LakeNY12842
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 Indian Lake at 6159 State Route 28, Indian Lake, NY, 12842 offers a 8.04% rental yield on a $349,900 purchase with $2,344/mo rent. Total monthly income registers $2,344/mo, and a $1,713/mo payment leaves $7/mo available for distribution. Annual cash flow reaches $84/yr on $115,992 to close, and return on cash invested stands at 19.98% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,671 over five years. Portfolio math shows five-year ROI at 103.92% and total cumulative return in cash at $120,534. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,344/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1883
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12842, Indian Lake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,489 (100%) |
| Owner Occupied HU | 505 (33.9%) |
| Renter Occupied HU | 119 ( 8.0%) |
| Vacant Housing Units | 865 (58.1%) |
| Median Home Value | $305,137 |
| Average Home Value | $335,262 |
Housing Distribution
Address Breakdown
Residential
322
Single Family
306
Multi-Family
16
Businesses
65
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Listed by: Theresa Studnicky • Saratoga Select Properties LLC s
Mls Name: NY State MLS
Mls ID: #11405861