16 Lancaster PlaceBallston SpaNY12020
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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 Spa at 16 Lancaster Place, Ballston Spa, NY, 12020 offers a 9.78% rental yield on a $280,000 purchase with $2,283/mo rent. Total monthly income registers $2,283/mo, and a $1,370/mo payment leaves $414/mo available for distribution. Annual cash flow reaches $4,964/yr on $92,820 to close, and return on cash invested stands at 25.26% in year one. Equity gained on principal adds $1,807/yr while 5% annual appreciation supports $77,359 over five years. Portfolio math shows five-year ROI at 132.17% and total cumulative return in cash at $122,685. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,283/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2009
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12020, Ballston Spa, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,355 (100%) |
| Owner Occupied HU | 10,454 (63.9%) |
| Renter Occupied HU | 4,631 (28.3%) |
| Vacant Housing Units | 1,270 ( 7.8%) |
| Median Home Value | $368,074 |
| Average Home Value | $412,521 |
Housing Distribution
Address Breakdown
Residential
15,952
Single Family
14,853
Multi-Family
1,099
Businesses
1,015
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Listed by: Scott P Varley • KW Platform
Mls Name: Global MLS
Mls ID: #202531214