656 Hollywood Rd #15Old ForgeNY13420
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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 Old Forge at 656 Hollywood Rd #15, Old Forge, NY, 13420 at $1,190,000 posts ROI 42.69% with $7,173/mo cash flow from $15,119/mo rent. Total monthly income equals $15,119/mo, and annual cash flow records $86,074/yr on $385,560 to close. Return on cash invested measures 42.69% and rental yield reads 15.25% at the current $1,190,000. Equity gained on principal adds $7,679/yr, and 5% annual appreciation supports $328,775 by year five. Five-year ROI prints 225.58% and total cumulative return in cash totals $869,752.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $15,119/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1929
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13420, Old Forge, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,422 (100%) |
| Owner Occupied HU | 492 (20.3%) |
| Renter Occupied HU | 137 ( 5.7%) |
| Vacant Housing Units | 1,793 (74.0%) |
| Median Home Value | $350,000 |
| Average Home Value | $456,712 |
Housing Distribution
Address Breakdown
Residential
95
Single Family
92
Multi-Family
3
Businesses
137
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Listed by: Kathleen (Kathy) Rivet • Herron Realty
Mls Name: ACVMLS
Mls Provider:
Mls ID: #201945
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.