For STR DSCR investors evaluating Lake George, the math centers on three numbers: median home value of $425K, average nightly rate of $285, and occupancy of 42%. These combine into annual revenue projections of roughly $44K per typical property.
Lake George, NY is a medium short-term rental DSCR market. Property type: Lake. Median home value approximately $425K. Average nightly rate: $285.
Occupancy rate in Lake George averages approximately 42%, which combined with the nightly rate produces gross annual revenue per property of approximately $44K.
Lake George Adirondacks NY STR. Seasonal. STR regulatory environment in Lake George: moderate.
Lake George seasonality and tourism patterns
Operating a Lake George STR involves managing through specific seasonal cycles. Cash flow planning must account for the gap between peak and slower periods.
Lake George STR economics
Lake George STR cash flow math: $44K gross revenue minus operating costs of approximately $17K (cleaning, supplies, management, marketing, utilities) leaves roughly $26K for debt service and net cash flow.
Lake George specific FAQ
Lake George sees varied seasonal patterns. Lenders use annual averaged occupancy in underwriting.
Property type performance varies in Lake George. Analyze comparable data via AirDNA.
Lake George has moderate STR regulations.
Lake George averages approximately 42% occupancy. Premium properties outperform; standard properties cluster near average.
Lake George averages approximately $285 per night. Premium units command 1.5-2.5x average.
Full-service STR management in Lake George runs 20-35% of gross revenue. Co-host arrangements run 15-25%. Self-management saves the fee but consumes 10-20 hours weekly.
A Lake George STR at the median home value of $425K typically requires 25-30% down, furniture and setup ($15K-50K), reserves (6-12 months PITIA), and closing costs. Total initial capital roughly $184K+.
Bottom line for Lake George STR investors
STR investing in Lake George demands more operational attention than long-term-rental DSCR. The trade-off: 1.5-2.5x gross revenue compared to traditional rental, but 30-50% of gross consumed by operations. Net economics typically beat long-term-rental on the same property for operators who execute on the operational side.
STR regulations vary by city and change frequently. Verify current local rules before acquisition.