116 West Avenue #305Saratoga SpringsNY12866
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Saratoga Springs at 116 West Avenue #305, Saratoga Springs, NY, 12866 earns from $3,292/mo rent with a $3,568/mo payment. Total monthly income totals $3,292/mo. ROI tracks 12.17% on current figures, and rental yield reads 5.42% at a $729,000 purchase. Equity gained on principal adds $4,704/yr, and 5% annual appreciation supports $201,409 over five years. Five-year ROI reaches 61.97% and total cumulative return in cash sums $148,632. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,292/mo property income instead of your personal income.
Condo
Built in 2023
1,306 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott P Varley • KW Platform
Mls Name: Global MLS
Mls ID: #202530622