335 Ridge RoadQueensburyNY12804
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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 Queensbury at 335 Ridge Road, Queensbury, NY, 12804 priced at $298,000 converts $2,004/mo rent into $14/mo cash flow after a $1,459/mo obligation. Total monthly income equals $2,004/mo, and annual cash flow totals $163/yr on $98,787 invested. Return on cash invested prints 20.07% in year one, and rental yield reads 8.07% against a $298,000 entry. Equity gained on principal adds $1,923/yr, while 5% annual appreciation compiles into $82,332 by year five. Five-year ROI reaches 104.39% and total cumulative return in cash sums $103,124. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,004/mo property income covering a $1,459/mo payment, not borrower’s personal income.
Single Family
Built in 1948
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12804, Queensbury, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,575 (100%) |
| Owner Occupied HU | 8,671 (63.9%) |
| Renter Occupied HU | 3,566 (26.3%) |
| Vacant Housing Units | 1,338 ( 9.9%) |
| Median Home Value | $314,925 |
| Average Home Value | $378,736 |
Housing Distribution
Address Breakdown
Residential
12,142
Single Family
11,037
Multi-Family
1,105
Businesses
984
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Listed by: Nicholas Ketter • Realize Brokers
Mls Name: Global MLS
Mls ID: #202526523