344 Ridge RoadQueensburyNY12804
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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
Rental property for sale in Queensbury at 344 Ridge Road, Queensbury, NY, 12804 generates $3,365/mo in rent and, after a $2,100/mo payment, leaves $500/mo in cash flow. Total monthly income is $3,365/mo, and annual cash flow is $5,999/yr on $142,214 invested. Return on cash invested sits at 24.13% in year one, and rental yield is 9.41% on a $429,000 entry. Equity gained on principal adds $2,768/yr, while 5% annual appreciation builds toward $118,525 over five years. Five-year ROI reaches 126.1% and total cumulative return in cash sums $179,329. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,365/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
2.02 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: Tina M Arcuri-Demarsh • DeMarsh Real Estate
Mls Name: Global MLS
Mls ID: #202525688