15 Thoroughbred DriveSaratoga 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 15 Thoroughbred Drive, Saratoga Springs, NY, 12866 offers $4,543/mo rent that, after a $4,895/mo payment. Total monthly income is $4,543/mo. Return on cash invested measures 12.27% in year one, and rental yield stands at 5.45% at a $1,000,000 entry. Equity gained on principal adds $6,453/yr while 5% annual appreciation compounds into $276,282 by year five. Five-year ROI records 62.5% and total cumulative return in cash reaches $205,624. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,543/mo property income versus a $4,895/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
6,098 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
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Listed by: Scott P Varley • KW Platform
Mls Name: Global MLS
Mls ID: #202529880