299 Lake RoadBallston 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 299 Lake Road, Ballston Lake, NY, 12019 listed at $1,590,000 pairs $6,132/mo rent with a $7,782/mo payment. Total monthly income runs $6,132/mo. Return on cash invested measures 9.92% in year one, and rental yield registers 4.63% at a $1,590,000 basis. Equity gained on principal adds $10,260/yr, and annual property appreciation at 5% supports $439,288 by year five. Five-year ROI tracks 49.85% and total cumulative return in cash totals $256,784. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,132/mo property income relative to a $7,782/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2005
8.12 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: Darlene Zeh • Miranda Real Estate Group, Inc
Mls Name: Global MLS
Mls ID: #202430849