23 Walter DriveSaratoga 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
Rental property for sale in Saratoga Springs at 23 Walter Drive, Saratoga Springs, NY, 12866 priced at $449,900 converts $4,032/mo rent into $1,028/mo cash flow after a $2,202/mo obligation. Total monthly income equals $4,032/mo, and annual cash flow totals $12,332/yr on $149,142 invested. Return on cash invested prints 28.18% in year one, and rental yield reads 10.75% against a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation compiles into $124,299 by year five. Five-year ROI reaches 147.82% and total cumulative return in cash sums $220,462. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,032/mo property income covering a $2,202/mo payment, not borrower’s personal income.
Single Family
Built in 1976
0.32 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: Dominick Marchesiello • KW Platform
Mls Name: Global MLS
Mls ID: #202523709