7 Oak LnLoon LakeNY12989
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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 Loon Lake at 7 Oak Ln, Loon Lake, NY, 12989 generates $2,143/mo in rent and, after a $631/mo payment, leaves $1,282/mo in cash flow. Total monthly income is $2,143/mo, and annual cash flow is $15,383/yr on $42,764 invested. Return on cash invested sits at 55.88% in year one, and rental yield is 19.93% on a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 296.39% and total cumulative return in cash sums $126,745. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,143/mo property income rather than buyer’s personal income.
Lot
Built in N/A
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12989, Vermontville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 874 (100%) |
| Owner Occupied HU | 385 (44.1%) |
| Renter Occupied HU | 48 ( 5.5%) |
| Vacant Housing Units | 441 (50.5%) |
| Median Home Value | $271,875 |
| Average Home Value | $314,435 |
Housing Distribution
Address Breakdown
Residential
467
Single Family
467
Multi-Family
0
Businesses
14
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Listed by: Michael Martineau • Merrill L. Thomas, Inc.
Mls Name: ACVMLS
Mls Provider:
Mls ID: #202272
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.