94 Shepard AveSaranac LakeNY12983
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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 Saranac Lake at 94 Shepard Ave, Saranac Lake, NY, 12983 priced at $385,000 pairs $3,353/mo rent with $782/mo cash flow after a $1,884/mo payment. Total monthly income equals $3,353/mo, and annual cash flow comes to $9,389/yr on $127,628 invested. Return on cash invested is 27.27% in year one, and rental yield stands at 10.45% on a $385,000 basis. Equity gained on principal adds $2,484/yr, and 5% annual appreciation accumulates to $106,368 by year five. Five-year ROI measures 142.95% and total cumulative return in cash reaches $182,446. For financing, Ziffy Mortgage’s DSCR program evaluates $3,353/mo property income against a $1,884/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12983, Saranac Lake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,105 (100%) |
| Owner Occupied HU | 2,093 (41.0%) |
| Renter Occupied HU | 1,597 (31.3%) |
| Vacant Housing Units | 1,415 (27.7%) |
| Median Home Value | $245,250 |
| Average Home Value | $364,080 |
Housing Distribution
Address Breakdown
Residential
3,628
Single Family
3,194
Multi-Family
434
Businesses
570
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Listed by: Blythe Niles-Linster • Engel & Volkers Lake Placid Real Estate
Mls Name: ACVMLS
Mls ID: #205921