23 Westland AvenueQueensburyNY12804
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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 23 Westland Avenue, Queensbury, NY, 12804 priced at $385,000 converts $3,673/mo rent into $1,102/mo cash flow after a $1,884/mo obligation. Total monthly income equals $3,673/mo, and annual cash flow totals $13,229/yr on $127,628 invested. Return on cash invested prints 30.27% in year one, and rental yield reads 11.45% against a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,368 by year five. Five-year ROI reaches 159.09% and total cumulative return in cash sums $203,038. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,673/mo property income covering a $1,884/mo payment, not borrower’s personal income.
Single Family
Built in 1974
0.34 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: Mark Karten • Karten Real Estate Services LLC
Mls Name: Global MLS
Mls ID: #202523323