1999 Ridge RoadQueensburyNY12804
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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 Queensbury at 1999 Ridge Road, Queensbury, NY, 12804 offers a 10.53% rental yield on a $179,900 purchase with $1,578/mo rent. Total monthly income registers $1,578/mo, and a $881/mo payment leaves $376/mo available for distribution. Annual cash flow reaches $4,514/yr on $59,637 to close, and return on cash invested stands at 27.48% in year one. Equity gained on principal adds $1,161/yr while 5% annual appreciation supports $49,703 over five years. Portfolio math shows five-year ROI at 144.15% and total cumulative return in cash at $85,965. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,578/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
3.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12804, Queensbury, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,575 (100%) |
| Owner Occupied HU | 8,671 (63.9%) |
| Renter Occupied HU | 3,566 (26.3%) |
| Vacant Housing Units | 1,338 ( 9.9%) |
| Median Home Value | $314,925 |
| Average Home Value | $378,736 |
Housing Distribution
Address Breakdown
Residential
12,142
Single Family
11,037
Multi-Family
1,105
Businesses
984
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Listed by: Scott J Alvarez • REMAX Solutions
Mls Name: Global MLS
Mls ID: #202610002