24 Garrison LaneBallston LakeNY12019
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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
Investment property for sale in Ballston Lake at 24 Garrison Lane, Ballston Lake, NY, 12019 with 5% annual appreciation on a $415,000 basis while $3,655/mo rent supports operations. Total monthly income totals $3,655/mo and a $2,031/mo payment preserves $884/mo for cash returns. Annual cash flow comes to $10,607/yr on $137,573 deployed, and return on cash invested reaches 27.62% in year one. Equity gained on principal adds $2,678/yr, and five-year appreciation sums $114,657 alongside rental yield of 10.57%. Five-year ROI measures 144.81% and total cumulative return in cash totals $199,221.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,655/mo property income versus a $2,031/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1972
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12019, Ballston Lake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,378 (100%) |
| Owner Occupied HU | 5,541 (75.1%) |
| Renter Occupied HU | 1,428 (19.4%) |
| Vacant Housing Units | 409 ( 5.5%) |
| Median Home Value | $448,538 |
| Average Home Value | $492,385 |
Housing Distribution
Address Breakdown
Residential
6,827
Single Family
5,848
Multi-Family
979
Businesses
192
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Listed by: Christopher Iwinski • KW Platform
Mls Name: Global MLS
Mls ID: #202526180