945 US 9Schroon 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
Investment property for sale in Schroon Lake at 945 US 9, Schroon Lake, NY, 12870 uses $122,324 cash to close to unlock $24,263/yr annual cash flow and $2,022/mo monthly cash flow. Total monthly income runs $4,486/mo, and a $1,806/mo payment keeps the spread at $2,022/mo. Purchase price stands at $369,000, and rental yield measures 14.59% with $4,486/mo rent. Return on cash invested shows 39.74% in year one, and 5% annual appreciation builds toward $101,948 over five years. Five-year ROI reaches 209.85% and total cumulative return in cash records $256,695. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,486/mo property income covering a $1,806/mo payment rather than investor’s personal income.
Townhouse
Built in 2012
10,454 sqft 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: Michele H Towne-Torres • Roohan Realty
Mls Name: Global MLS
Mls Provider:
Mls ID: #202413115
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