66 Mill Pond RdLake ClearNY12945
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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 Clear at 66 Mill Pond Rd, Lake Clear, NY, 12945 priced at $799,000 converts $2,279/mo rent into after a $3,911/mo obligation. Total monthly income equals $2,279/mo. Return on cash invested prints 6.11% in year one, and rental yield reads 3.42% against a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation compiles into $220,749 by year five. Five-year ROI reaches 29.45% and total cumulative return in cash sums $77,406. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,279/mo property income covering a $3,911/mo payment, not borrower’s personal income.
Single Family
Built in 1972
2.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12945, Lake Clear, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 402 (100%) |
| Owner Occupied HU | 203 (50.5%) |
| Renter Occupied HU | 43 (10.7%) |
| Vacant Housing Units | 156 (38.8%) |
| Median Home Value | $282,895 |
| Average Home Value | $424,655 |
Housing Distribution
Address Breakdown
Residential
178
Single Family
178
Multi-Family
0
Businesses
24
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Listed by: Carl (CJ) Hagmann • Say Real Estate
Mls Name: ACVMLS
Mls Provider:
Mls ID: #204405
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.