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Lake Placid
Essex County, NY
AVOIDLegal
STR Opportunity Score
53
/100
📈Demand
80
💰Affordability
48
📋Regulation
78
🌤️Seasonality
75
📊Saturation
51
Will This Deal Work?
Money You Make vs. Price You Pay
F
BAD DEAL
RPR: 10.1%
Can You Pay the Bills?
✗
Risky
May struggle with payments
THE BOTTOM LINE ❌
Skip this one. You might struggle to cover your expenses.
💵
$295
Avg ADR
📅
52%
Occupancy
💰
$4,602
Monthly Revenue
🏠
$545K
Median Price
📊 Income by Property Size
Monthly revenue estimates by bedroom count
1BR
$2,071
2BR
$3,452
3BR
$4,602
4BR
$6,213
5BR
$7,593
6BR+
$8,974
⭐ Best
🏠 Top Amenities for This Market
Add these to boost your revenue
MUST HAVEHot Tub
+22%MUST HAVEFireplace
+15%HIGH IMPACTGame Room
+18%HIGH IMPACTMountain Views
+12%NICE TO HAVEFire Pit
+8%📈 Market Saturation
Competition LevelMODERATE
Moderate competition - room for well-positioned properties.
🎯 Your Next Steps
1
Search for 6BR+ properties
Best income potential at $8,974/month
2
Add a Hot Tub
Boost revenue by +22%
3
Target $5,753/month
Top 25% performer income goal
📋 Regulation Status
Legal
Short-term rentals are allowed in this area. Always verify local ordinances before purchasing.