2 Norland CourtSaratoga 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
Investment property for sale in Saratoga Springs at 2 Norland Court, Saratoga Springs, NY, 12866 uses $132,600 cash to close to unlock $5,876/yr annual cash flow and $490/mo monthly cash flow. Total monthly income runs $3,161/mo, and a $1,958/mo payment keeps the spread at $490/mo. Purchase price stands at $400,000, and rental yield measures 9.48% with $3,161/mo rent. Return on cash invested shows 24.34% in year one, and 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 127.25% and total cumulative return in cash records $168,736. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,161/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Single Family
Built in 1985
1.18 Acres 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: Brenda Mayette • Miranda Real Estate Group, Inc
Mls Name: Global MLS
Mls ID: #202530662