694 Deerland RdLong LakeNY12847
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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 Long Lake at 694 Deerland Rd, Long Lake, NY, 12847 generates $2,472/mo in rent and, after a $1,366/mo payment, leaves $608/mo in cash flow. Total monthly income is $2,472/mo, and annual cash flow is $7,301/yr on $92,489 invested. Return on cash invested sits at 27.8% in year one, and rental yield is 10.63% on a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 145.85% and total cumulative return in cash sums $134,899. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,472/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
1.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12847, Long Lake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,536 (100%) |
| Owner Occupied HU | 303 (19.7%) |
| Renter Occupied HU | 70 ( 4.6%) |
| Vacant Housing Units | 1,163 (75.7%) |
| Median Home Value | $299,342 |
| Average Home Value | $381,667 |
Housing Distribution
Address Breakdown
Residential
113
Single Family
113
Multi-Family
0
Businesses
53
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