22 Michaels DriveQueensburyNY12804
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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 22 Michaels Drive, Queensbury, NY, 12804 generates $3,042/mo in rent and, after a $1,884/mo payment, leaves $471/mo in cash flow. Total monthly income is $3,042/mo, and annual cash flow is $5,657/yr on $127,628 invested. Return on cash invested sits at 24.34% in year one, and rental yield is 9.48% on a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 127.27% and total cumulative return in cash sums $162,430. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,042/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
0.49 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: Kendra Mango • Venture Fox Realty Group LLC
Mls Name: Global MLS
Mls ID: #202610981