773 Charley Hill RoadSchroon LakeNY12870
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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 Schroon Lake at 773 Charley Hill Road, Schroon Lake, NY, 12870 generates $4,320/mo in rent and, after a $1,811/mo payment, leaves $1,849/mo in cash flow. Total monthly income is $4,320/mo, and annual cash flow is $22,190/yr on $122,652 invested. Return on cash invested sits at 38% in year one, and rental yield is 14.01% on a $369,990 entry. Equity gained on principal adds $2,387/yr, while 5% annual appreciation builds toward $102,221 over five years. Five-year ROI reaches 200.53% and total cumulative return in cash sums $245,954. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,320/mo property income rather than buyer’s personal income.
Single Family
Built in 1924
5.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12870, Schroon Lake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,024 (100%) |
| Owner Occupied HU | 651 (32.2%) |
| Renter Occupied HU | 154 ( 7.6%) |
| Vacant Housing Units | 1,219 (60.2%) |
| Median Home Value | $407,554 |
| Average Home Value | $507,392 |
Housing Distribution
Address Breakdown
Residential
541
Single Family
541
Multi-Family
0
Businesses
92
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Listed by: Heather Etzel • Four Seasons Sothebys Int RE
Mls Name: Global MLS
Mls Provider:
Mls ID: #202420721
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. Judy Moriarty, Zillow, Inc., Corp. Broker