STR DSCR investor profile of Lake Placid
Lake Placid, NY is a medium short-term rental DSCR market. Property type: Mountain ski / lake. Median home value approximately $495K. Average nightly rate: $305.
Occupancy rate in Lake Placid averages approximately 48%, which combined with the nightly rate produces gross annual revenue per property of approximately $53K.
Lake Placid NY Adirondacks STR. Year-round ski + lake. STR regulatory environment in Lake Placid: moderate.
STR financing for Lake Placid
STR-specific DSCR loans underwrite based on projected nightly revenue and occupancy rather than long-term lease income. Specialty lenders that fund STR DSCR include Easy Street Capital, Visio Lending, and several private money operators.
For a Lake Placid property at the median value of $495K generating $305 per night at 48% occupancy, gross annual revenue runs approximately $53K.
Lake Placid STR FAQ
Yes. STR-specific DSCR loans available through specialty lenders (Easy Street Capital, Visio Lending, others). Lenders underwrite based on projected nightly revenue and occupancy rather than long-term lease income.
Lake Placid averages approximately 48% occupancy. Lenders typically underwrite with conservative occupancy assumptions (lower than peak) and require AirDNA or similar data.
Average nightly rates in Lake Placid run approximately $305. Premium units (size, location, amenities) command meaningfully higher rates.
Lake Placid STR regulatory environment is moderate. Some restrictions apply by zone or building. Verify local rules.
STR gross revenue per property in Lake Placid averages approximately $53K annually. Operating costs (cleaning, supplies, management, utilities, maintenance) typically consume 30-50% of gross — netting roughly 50-70% to operating income.
Easy Street Capital, Visio Lending, and several private money operators underwrite STR-specific DSCR using projected revenue. Some lenders require 12+ months of operating history; others will fund pre-operating projections.
Yes. Lendai Finance and similar specialty lenders fund foreign-national STR acquisitions. Down payments typically 30-50%.
Lake Placid primarily mountain ski / lake property. Optimal STR property selection depends on guest demographics, amenity expectations, and local zoning.
STR regulations vary by city and change frequently. Verify current local rules before acquisition. STR revenue projections are directional — actual results vary.