31 Whipple Tree RoadBallston SpaNY12020
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 Spa at 31 Whipple Tree Road, Ballston Spa, NY, 12020 priced at $345,000 converts $2,609/mo rent into $305/mo cash flow after a $1,689/mo obligation. Total monthly income equals $2,609/mo, and annual cash flow totals $3,657/yr on $114,368 invested. Return on cash invested prints 23.11% in year one, and rental yield reads 9.07% against a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation compiles into $95,317 by year five. Five-year ROI reaches 120.64% and total cumulative return in cash sums $137,968. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,609/mo property income covering a $1,689/mo payment, not borrower’s personal income.
Single Family
Built in 1967
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12020, Ballston Spa, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,355 (100%) |
| Owner Occupied HU | 10,454 (63.9%) |
| Renter Occupied HU | 4,631 (28.3%) |
| Vacant Housing Units | 1,270 ( 7.8%) |
| Median Home Value | $368,074 |
| Average Home Value | $412,521 |
Housing Distribution
Address Breakdown
Residential
15,952
Single Family
14,853
Multi-Family
1,099
Businesses
1,015
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bernadette S Chatterton • Chad Majewski Real Estate
Mls Name: Global MLS
Mls Provider:
Mls ID: #202517617
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