96 Helen StSaranac 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 96 Helen St, Saranac Lake, NY, 12983 priced at $134,900 converts $3,376/mo rent into $2,475/mo cash flow after a $660/mo obligation. Total monthly income equals $3,376/mo, and annual cash flow totals $29,705/yr on $44,719 invested. Return on cash invested prints 86.33% in year one, and rental yield reads 30.03% against a $134,900 entry. Equity gained on principal adds $870/yr, while 5% annual appreciation compiles into $37,270 by year five. Five-year ROI reaches 459.73% and total cumulative return in cash sums $205,589. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,376/mo property income covering a $660/mo payment, not borrower’s personal income.
Single Family
Built in 1900
4,356 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: Virginia McLaughlin • Red Door Realty & Associates
Mls Name: ACVMLS
Mls Provider:
Mls ID: #203077
Disclaimer: Listing data courtesy of the Internet Data Exchange (IDX) Program of the Adirondack Champlain Valley Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information deemed reliable but not guaranteed.