15 Cornelia AvenueBallston 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
Investment property for sale in Ballston Lake at 15 Cornelia Avenue, Ballston Lake, NY, 12019 earns $856/mo cash flow from $3,186/mo rent with a $1,708/mo payment. Total monthly income totals $3,186/mo, and annual cash flow totals $10,267/yr on $115,694 capital. ROI tracks 28.78% on current figures, and rental yield reads 10.95% at a $349,000 purchase. Equity gained on principal adds $2,252/yr, and 5% annual appreciation supports $96,422 over five years. Five-year ROI reaches 151.08% and total cumulative return in cash sums $174,792. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,186/mo property income instead of your personal income.
Single Family
Built in 1966
0.42 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: Darlene Zeh • Miranda Real Estate Group, Inc
Mls Name: Global MLS
Mls ID: #202610116