693 Hollywood RdOld 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
Rental property for sale in Old Forge at 693 Hollywood Rd, Old Forge, NY, 13420 priced at $575,000 converts $3,070/mo rent into after a $2,814/mo obligation. Total monthly income equals $3,070/mo. Return on cash invested prints 15.18% in year one, and rental yield reads 6.41% against a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation compiles into $158,862 by year five. Five-year ROI reaches 78.1% and total cumulative return in cash sums $147,743. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,070/mo property income covering a $2,814/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.34 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: Scott P Varley • Keller Williams Capital Distr
Mls Name: GBMLS
Mls Provider:
Mls ID: #326961
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.