1 Nicole AvenueSaratoga SpringsNY12866
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Saratoga Springs at 1 Nicole Avenue, Saratoga Springs, NY, 12866 offers $4,378/mo rent that, after a $7,562/mo payment. Total monthly income is $4,378/mo. Return on cash invested measures 6.13% in year one, and rental yield stands at 3.4% at a $1,545,000 entry. Equity gained on principal adds $9,970/yr while 5% annual appreciation compounds into $426,855 by year five. Five-year ROI records 29.52% and total cumulative return in cash reaches $147,771. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,378/mo property income versus a $7,562/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12866, Saratoga Springs, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,215 (100%) |
| Owner Occupied HU | 11,132 (52.5%) |
| Renter Occupied HU | 7,304 (34.4%) |
| Vacant Housing Units | 2,779 (13.1%) |
| Median Home Value | $538,112 |
| Average Home Value | $603,511 |
Housing Distribution
Address Breakdown
Residential
19,529
Single Family
15,928
Multi-Family
3,601
Businesses
2,184
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Listed by: Shannon McCarthy • eXp Realty
Mls Name: Global MLS
Mls ID: #202530568