12 Congress 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 12 Congress Avenue, Saratoga Springs, NY, 12866 priced at $389,000 pairs $2,964/mo rent with $366/mo cash flow after a $1,904/mo payment. Total monthly income equals $2,964/mo, and annual cash flow comes to $4,395/yr on $128,954 invested. Return on cash invested is 23.32% in year one, and rental yield stands at 9.14% on a $389,000 basis. Equity gained on principal adds $2,510/yr, and 5% annual appreciation accumulates to $107,474 by year five. Five-year ROI measures 121.78% and total cumulative return in cash reaches $157,038. For financing, Ziffy Mortgage’s DSCR program evaluates $2,964/mo property income against a $1,904/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1880
0.43 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: Daniel Gaba • Coldwell Banker Prime Properties
Mls Name: Global MLS
Mls ID: #202529559