3 Stonegate RoadBallston LakeNY12019
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lake at 3 Stonegate Road, Ballston Lake, NY, 12019 generates $3,559/mo in rent and, after a $2,300/mo payment, leaves $421/mo in cash flow. Total monthly income is $3,559/mo, and annual cash flow is $5,050/yr on $155,805 invested. Return on cash invested sits at 23.15% in year one, and rental yield is 9.09% on a $470,000 entry. Equity gained on principal adds $3,033/yr, while 5% annual appreciation builds toward $129,852 over five years. Five-year ROI reaches 120.86% and total cumulative return in cash sums $188,301. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,559/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
0.58 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Meghan O'Connor • KW Platform
Mls Name: Global MLS
Mls Provider:
Mls ID: #202515743
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