37 Stephanie LaneQueensburyNY12804
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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 37 Stephanie Lane, Queensbury, NY, 12804 offers $2,410/mo rent that, after a $1,588/mo payment, leaves $243/mo cash flow. Total monthly income is $2,410/mo, and annual cash flow is $2,920/yr on $107,572 cash. Return on cash invested measures 22.62% in year one, and rental yield stands at 8.91% at a $324,500 entry. Equity gained on principal adds $2,094/yr while 5% annual appreciation compounds into $89,653 by year five. Five-year ROI records 118.07% and total cumulative return in cash reaches $127,008. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,410/mo property income versus a $1,588/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
0.44 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: Julia Pucciarelli • Gallo Realty ADK Inc
Mls Name: Global MLS
Mls ID: #202524896