289 Jefferson Street APT 19Saratoga 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
Investment property for sale in Saratoga Springs at 289 Jefferson Street APT 19, Saratoga Springs, NY, 12866 uses $89,406 cash to close to unlock $5,184/yr annual cash flow and $432/mo monthly cash flow. Total monthly income runs $2,513/mo, and a $1,320/mo payment keeps the spread at $432/mo. Purchase price stands at $269,700, and rental yield measures 11.18% with $2,513/mo rent. Return on cash invested shows 25.71% in year one, and 5% annual appreciation builds toward $74,513 over five years. Five-year ROI reaches 135.99% and total cumulative return in cash records $121,587. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,513/mo property income covering a $1,320/mo payment rather than investor’s personal income.
Condo
Built in 2012
435.60 sqft lot
$N/A/sqft
$280 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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Listed by: Frances J Ryan • Roohan Realty
Mls Name: Global MLS
Mls Provider:
Mls ID: #202515518
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Judy Moriarty, Zillow, Inc., Corp. Broker