Saranac Lake, NY Long-Term Rental Analysis
Analyze rental property cap rates, cash-on-cash returns, and cashflow for long-term rental investments in Saranac Lake, NY. Based on 10+ datapoints.
Saranac Lake, NY Long-Term Rental Investment Snapshot
Based on 10+ long-term rental datapoints
Median Cap Rate
4.7%
Avg Cash on Cash
-6.5%
Median Cashflow
-$540/mo
Avg Rent Estimate
$2,430/mo
Avg Price
$415,918
Price Range
$115,100 - $685,000
Rent to Price
0.58%
low ratio
Positive Cashflow
27%
of analyzed properties
Recent real estate investor listings analysed as long-term rental deals in Saranac Lake, NY
Saranac Lake, NY is primarily an appreciation-driven market for long-term rental investors. Cap rates average 4.7%, typical of mid-to-upper tier markets where property value growth complements rental income. Investors here build equity through appreciation while rental income covers holding costs.
Based on 10+ analyzed properties, the median monthly cashflow in Saranac Lake, NY is -$540 with average rents of $2,430/month. Properties range from $115,100 to $685,000, offering entry points across multiple investment budgets.
615 Kiwassa Lake Rd, Saranac Lake, NY 12983
Price
$657,600
Rent
$1,977
CachFlow
-$2,863
CoC
-24.88
15 Rickerson Pond Rd, Saranac Lake, NY 12983
Price
$377,700
Rent
$2,517
CachFlow
-$540
CoC
-8.17
Saranac Lake, NY Rental Market Insights
- •Median cashflow is -$540/month — careful deal selection is essential here
- •4.7% median cap rate is typical of appreciation-focused markets
- •At 27% positive cashflow rate, Saranac Lake, NY requires selective property picks
- •Mid-to-upper tier market with properties from $115,100 to $685,000
- •Consider this market if your strategy favors equity growth with rental income covering holding costs