8 Read DriveLake LuzerneNY12846
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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
Investment property for sale in Lake Luzerne at 8 Read Drive, Lake Luzerne, NY, 12846 uses $96,102 cash to close to unlock $2,316/yr annual cash flow and $193/mo monthly cash flow. Total monthly income runs $2,129/mo, and a $1,419/mo payment keeps the spread at $193/mo. Purchase price stands at $289,900, and rental yield measures 8.81% with $2,129/mo rent. Return on cash invested shows 22.32% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 116.46% and total cumulative return in cash records $111,921. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,129/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1960
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12846, Lake Luzerne, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,111 (100%) |
| Owner Occupied HU | 1,119 (53.0%) |
| Renter Occupied HU | 241 (11.4%) |
| Vacant Housing Units | 751 (35.6%) |
| Median Home Value | $250,765 |
| Average Home Value | $314,401 |
Housing Distribution
Address Breakdown
Residential
1,260
Single Family
1,260
Multi-Family
0
Businesses
84
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Listed by: Stuart Thomas • Reality Realty
Mls Name: Global MLS
Mls ID: #202519880