7 Whiteface Inn Lane Ln Unit 317/9 · Lake Placid, NY 12946

$93,000

3 bd · 2.5 ba · 1,883 sqft · SingleFamily · 5 Days on market

Built 2004 Excellent condition 4,356 sqft lot Est $83k · 12% over

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.5/10.0
• Condition / age +4.8/5.0
• Schools +4.5/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• ARV discount +2.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Enjoy effortless luxury living with this 3 bedroom, 1/12th deeded interest (Unit 317 Interval 9) at the prestigious Whiteface Lodge. Ownership includes one week every 12 weeks with a minimum of 4 weeks per year. This spacious 3BR/3BA bi-level residence offers 1,883 square feet, near-the-end privacy, beautiful Whiteface Mountain views, and comfortably sleeps 8 guests. Features include a gourmet kitchen with high-end finishes, open living/dining area, two fireplaces, and a walk-out patio/balcony. Experience the elegance of this four-season resort living in Lake Placid with access to a full-service spa, indoor/outdoor pools, fitness center, private movie theater, tennis courts, lean-tos, a bow

Key facts

• Gourmet kitchen
• High-end finishes
• Full-service spa

Tags

• GOURMET KITCHEN
• HIGH-END FINISHES
• OPEN LIVING DINING AREA
• WALK-OUT PATIO BALCONY
• FULL-SERVICE SPA
• INDOOR OUTDOOR POOLS

Property features AI

Exterior

• Home design: Residential co-ownership; 2 stories
• Exterior features: Waterfront property on Lake Placid; Lot approximately 0.1 acres

Interior

• Kitchen: Dishwasher; Electric oven; Electric range; Microwave; Refrigerator
• Bedrooms: 5 total rooms
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Interior features: Dishwasher; Electric oven; Electric range; Microwave; Refrigerator; Washer/Dryer
• Laundry & utility: Washer/Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $93k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $421 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $93k).
• Cap rate 11.7% vs local median 1.9% in Lake Placid — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 66/100 on livability (#647 in NY) — a middle-class / working-renter tenant base. Strengths: amenities A+, crime A; Watch: schools C-, employment D+, cost of living D+.
• Lake Placid Central School District (town): math 46% / reading 58% proficiency, ranked #344 of 590 in NY (top 58%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 148 active listings in the ZIP; 218 units permitted in Essex County in 2024 (63 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $643 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Essex County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $26k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $93,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
3. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
4. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.45% ✓
• Cap rate: 11.73%
• Cash-on-cash: 19.42%
• DSCR: 1.86
• GRM: 5.8

CMA / ARV

• ARV (on-the-fly): $82,852
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7 Whiteface Inn Ln Ln Unit 320 Int 3	0.00mi	3/3.0	1,884 (+0%)	1mo	$89,000	$47	97
7 Whiteface Inn Lane Ln Unit 317, Interval 5	0.00mi	3/2.5	1,873 (-0%)	5mo	$80,000	$43	95
7 Whiteface Inn Ln Unit 309, Int. 2	0.00mi	3/3.0	1,884 (+0%)	4mo	$84,000	$45	95
7 Whiteface Inn Ln Unit 308 int.. 2	0.00mi	3/3.0	1,883 (0%)	5mo	$80,000	$42	94
7 Whiteface Inn Lane Ln Unit 306, I-11	0.00mi	3/3.0	1,883 (0%)	6mo	$80,000	$42	93
7 Whiteface Inn Lane Ln Unit 321, Int 7	0.00mi	3/3.0	1,883 (0%)	13mo	$82,000	$44	87
7 Whiteface Inn Ln Unit 323, Int. 2	0.00mi	3/3.0	1,884 (+0%)	16mo	$75,000	$40	84
7 Whiteface Inn Ln Unit 327, Int. 10	0.00mi	3/3.0	1,968 (+4%)	16mo	$87,500	$44	77
7 Whiteface Inn Ln Unit 327-Int 4	0.00mi	3/3.0	1,968 (+4%)	17mo	$79,500	$40	77
7 Whiteface Inn Lane Ln Unit 331-Int 12	0.00mi	3/3.0	1,828 (-3%)	23mo	$90,000	$49	74
7 Whiteface Inn Ln #328	0.00mi	3/3.0	2,153 (+14%)	1mo	$98,000	$46	73
7 Whiteface Inn Ln Unit 329, int 4	0.00mi	3/3.0	2,129 (+13%)	9mo	$100,000	$47	69

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 11.4%
• Equity multiple: 1.45×
• Total profit: $11,788
• Equity at exit: $13,867

10-year hold

• IRR: 20.4%
• Equity multiple: 2.72×
• Total profit: $44,905
• Equity at exit: $8,041

Cash invested: $26,040 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 12946

• Home prices YoY: -21.5%
• Active inventory: 148
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $1,347 medium
• Mortgage (P&I): −$488
• Tax est. 1.5%: −$116 /mo · $1,395/yr
• Insurance: −$39
• HOA: −$0
• Vacancy / Maint / Mgmt: −$283
• Net cashflow: $421

Break-even live

Break-even rent $814

Max offer price $93,000

Occupancy floor 64%

Sensitivity live

Price	-10% $486	-5% $454	+0% $421	+5% $389	+10% $357
Rent	-10% $315	-5% $368	+0% $421	+5% $475	+10% $528
Rate	-1.0pp $468	-0.5pp $445	base $421	+0.5pp $397	+1.0pp $373

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $23,250
• Closing costs: $2,790
• Reserves months: —
• Total cash needed: —

Listing history 5 events

1. 2026-06-07
   statusdays on market $93,000 Pending 5 DOM
2. 2026-06-04
   days on market $93,000 Active 3 DOM
3. 2026-06-02
   days on market $93,000 Active 2 DOM
4. 2026-05-31
   remarks 699-char remark
5. 2026-05-31
   listed $93,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 1/10 Low 8 d/yr ≥88°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,163
• − Mortgage interest: −$5,209
• − Property taxes: −$1,395
• − Insurance: −$465
• − Repairs & maintenance: −$1,293
• − Management: −$1,293
• − Depreciation: −$2,705
• Taxable income: $3,802
• Est. tax owed @ 24.0%: −$913
• After-tax cash flow: $4,144/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Excellent 95/100 None rehab

This luxurious single-family home in Lake Placid offers a pristine condition with modern amenities and stunning mountain views, making it an ideal investment for both resale and rental.

Value-add opportunities

• Both Landscaping and outdoor furniture — Enhances curb appeal and outdoor living space
• Resale Modernize kitchen appliances — Improves functionality and appeal
• Both Add smart home features — Enhances comfort and energy efficiency

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping and outdoor furniture — Enhances curb appeal and outdoor living space ↑
• Resale Modernize kitchen appliances — Improves functionality and appeal ↑
• Both Add smart home features — Enhances comfort and energy efficiency ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Lake Placid Central School District
• NCES district ID: 3616500
• Math proficiency: 46% ▼ -1.00%
• Reading proficiency: 58% ▲ 13.00%
• Median HH income: $52,508
• Composite: 44.64/100
• National rank: #2770
• State rank: #344 of 590 in NY

Livability — Lake Placid

• Score: 66/100
• State rank: #647
• US rank: #12118

Category grades

Amenities A+ Commute F Cost of living D+ Crime A Employment D+ Housing C Health & safety D- User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 4,805

Population outlook (Essex County) Hauer SSP2

• Today (2025): 36,758 people
• By 2030: 35,697 · -2.9%
• By 2040: 32,697 · -11.0%
• By 2050: 29,248 · -20.4%
• By 2075: 22,641 · -38.4%
• By 2100: 16,602 · -54.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 3% Hispanic / Latino 3%
• Common ancestry: Lithuanian 9% Romanian 5% American 5%
• Foreign-born: 10% · Canada
• Languages at home: 87% English-only · Russian/Polish/Slavic 8% Spanish 3% Other Indo-European 2%

Political lean MEDSL · Essex

• 2024 margin: Toss-up / Even · D 50.2% · R 49.8%
• 2008→2024 swing: -12.8pp toward R · 2008: 13.3pp · 2024: 0.5pp
• All cycles: 2024: D+0.5 2020: D+5.0 2016: R+3.4 2012: D+15.0 2008: D+13.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -85.84%
• Current HPI: 313.7624
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

1 event — show timeline

• 2026-05-30 Listed $93,000 ACVMLS