703 County Route 60Rainbow LakeNY12976
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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
Total monthly income runs $0/mo, and a $1,370/mo payment. Purchase price stands at $279,900, and rental yield measures 0% with $0/mo rent. Return on cash invested shows -4.26% in year one, and 5% annual appreciation builds toward $77,331 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $0/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1989
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12976, Rainbow Lake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 300 (100%) |
| Owner Occupied HU | 140 (46.7%) |
| Renter Occupied HU | 32 (10.7%) |
| Vacant Housing Units | 128 (42.7%) |
| Median Home Value | $355,556 |
| Average Home Value | $418,339 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
3
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No similar rental properties found nearby.
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Listed by: Jodi Gunther • Adirondack Premier Properties Berkshire Hathaway HomeService
Mls Name: ACVMLS
Mls ID: #206059