124 Edie RoadSaratoga 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 124 Edie Road, Saratoga Springs, NY, 12866 generates $5,062/mo in rent and, after a $3,377/mo payment, leaves $455/mo in cash flow. Total monthly income is $5,062/mo, and annual cash flow is $5,454/yr on $227,010 invested. Return on cash invested sits at 22.46% in year one, and rental yield is 8.8% on a $690,000 entry. Equity gained on principal adds $4,452/yr, while 5% annual appreciation builds toward $190,634 over five years. Five-year ROI reaches 117.15% and total cumulative return in cash sums $265,952. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,062/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
2.06 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: Michelle Collins • Cartier Real Estate Group LLC
Mls Name: Global MLS
Mls Provider:
Mls ID: #202517875
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Judy Moriarty, Zillow, Inc., Corp. Broker