268 BroadwaySaratoga 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 268 Broadway, Saratoga Springs, NY, 12866 priced at $783,300 pairs $6,383/mo rent with $52/mo cash flow after a $3,834/mo payment. Total monthly income equals $6,383/mo, and annual cash flow comes to $625/yr on $257,706 invested. Return on cash invested is 20.3% in year one, and rental yield stands at 9.78% on a $783,300 basis. Equity gained on principal adds $5,055/yr, and 5% annual appreciation accumulates to $216,411 by year five. Five-year ROI measures 107.44% and total cumulative return in cash reaches $276,872. For financing, Ziffy Mortgage’s DSCR program evaluates $6,383/mo property income against a $3,834/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2011
3,049 sqft lot
$N/A/sqft
$1,100 monthly 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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