38 High Rock Avenue APT 4ASaratoga springsNY12866
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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 Saratoga springs at 38 High Rock Avenue APT 4A, Saratoga springs, NY, 12866 offers $3,839/mo rent that, after a $4,332/mo payment. Total monthly income is $3,839/mo. Return on cash invested measures 11.52% in year one, and rental yield stands at 5.21% at a $885,000 entry. Equity gained on principal adds $5,711/yr while 5% annual appreciation compounds into $244,509 by year five. Five-year ROI records 58.48% and total cumulative return in cash reaches $170,274. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,839/mo property income versus a $4,332/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2008
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12866, Saratoga Springs, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,215 (100%) |
| Owner Occupied HU | 11,132 (52.5%) |
| Renter Occupied HU | 7,304 (34.4%) |
| Vacant Housing Units | 2,779 (13.1%) |
| Median Home Value | $538,112 |
| Average Home Value | $603,511 |
Housing Distribution
Address Breakdown
Residential
19,529
Single Family
15,928
Multi-Family
3,601
Businesses
2,184
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Listed by: Ralph M Harvey • ListWithFreedom.com
Mls Name: Global MLS
Mls ID: #202527937