230 Drummond DriveBallston SpaNY12020
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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 Ballston Spa at 230 Drummond Drive, Ballston Spa, NY, 12020 priced at $399,000 converts $3,554/mo rent into $889/mo cash flow after a $1,953/mo obligation. Total monthly income equals $3,554/mo, and annual cash flow totals $10,673/yr on $132,269 invested. Return on cash invested prints 27.98% in year one, and rental yield reads 10.69% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 146.76% and total cumulative return in cash sums $194,114. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,554/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in 1999
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12020, Ballston Spa, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,355 (100%) |
| Owner Occupied HU | 10,454 (63.9%) |
| Renter Occupied HU | 4,631 (28.3%) |
| Vacant Housing Units | 1,270 ( 7.8%) |
| Median Home Value | $368,074 |
| Average Home Value | $412,521 |
Housing Distribution
Address Breakdown
Residential
15,952
Single Family
14,853
Multi-Family
1,099
Businesses
1,015
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Listed by: Charles B Goodridge • Julie & Co Realty, LLC
Mls Name: Global MLS
Mls ID: #202525521