223 Luzerne RoadQueensburyNY12804
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 223 Luzerne Road, Queensbury, NY, 12804 at $199,900 posts ROI 23.65% with $207/mo cash flow from $1,541/mo rent. Total monthly income equals $1,541/mo, and annual cash flow records $2,478/yr on $66,267 to close. Return on cash invested measures 23.65% and rental yield reads 9.25% at the current $199,900. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,229 by year five. Five-year ROI prints 123.57% and total cumulative return in cash totals $81,889.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,541/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1950
0.28 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: Moonrani G Gumani • Miranda Real Estate Group Inc
Mls Name: Global MLS
Mls ID: #202524702