13 Cortland DriveBallston LakeNY12019
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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 Ballston Lake at 13 Cortland Drive, Ballston Lake, NY, 12019 offers $3,004/mo rent that, after a $1,708/mo payment, leaves $674/mo cash flow. Total monthly income is $3,004/mo, and annual cash flow is $8,083/yr on $115,694 cash. Return on cash invested measures 26.9% in year one, and rental yield stands at 10.33% at a $349,000 entry. Equity gained on principal adds $2,252/yr while 5% annual appreciation compounds into $96,422 by year five. Five-year ROI records 140.96% and total cumulative return in cash reaches $163,080. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,004/mo property income versus a $1,708/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12019, Ballston Lake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,378 (100%) |
| Owner Occupied HU | 5,541 (75.1%) |
| Renter Occupied HU | 1,428 (19.4%) |
| Vacant Housing Units | 409 ( 5.5%) |
| Median Home Value | $448,538 |
| Average Home Value | $492,385 |
Housing Distribution
Address Breakdown
Residential
6,827
Single Family
5,848
Multi-Family
979
Businesses
192
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Listed by: Melissa A Barone • Romeo Team Realty
Mls Name: Global MLS
Mls ID: #202610244