38 Highrock Avenue Avenue UNIT 4DSaratoga 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 Highrock Avenue Avenue UNIT 4D, Saratoga Springs, NY, 12866 priced at $1,995,900 converts $6,516/mo rent into after a $9,769/mo obligation. Total monthly income equals $6,516/mo. Return on cash invested prints 6.62% in year one, and rental yield reads 3.92% against a $1,995,900 entry. Equity gained on principal adds $12,879/yr, while 5% annual appreciation compiles into $551,430 by year five. Five-year ROI reaches 32.51% and total cumulative return in cash sums $210,244. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,516/mo property income covering a $9,769/mo payment, not borrower’s personal income.
Condo
Built in 2009
4,356 sqft lot
$N/A/sqft
$600 monthly 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: Robert V Marini • Rob Mar Realty Inc
Mls Name: Global MLS
Mls Provider:
Mls ID: #202518103
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