21 Veranda LaneQueensburyNY12804
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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 Queensbury at 21 Veranda Lane, Queensbury, NY, 12804 priced at $875,000 pairs $6,013/mo rent with $170/mo cash flow after a $4,283/mo payment. Total monthly income equals $6,013/mo, and annual cash flow comes to $2,035/yr on $287,875 invested. Return on cash invested is 20.77% in year one, and rental yield stands at 8.25% on a $875,000 basis. Equity gained on principal adds $5,646/yr, and 5% annual appreciation accumulates to $241,746 by year five. Five-year ROI measures 108.05% and total cumulative return in cash reaches $311,063. For financing, Ziffy Mortgage’s DSCR program evaluates $6,013/mo property income against a $4,283/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2006
2.29 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: Lynn Milone-Baker • Luxe Key Realty
Mls Name: Global MLS
Mls ID: #202530160