400 Devils LaneBallston SpaNY12020
Nearby investment properties with comparable rents
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 Ballston Spa at 400 Devils Lane, Ballston Spa, NY, 12020 priced at $575,000 converts $4,039/mo rent into $200/mo cash flow after a $2,814/mo obligation. Total monthly income equals $4,039/mo, and annual cash flow totals $2,395/yr on $189,175 invested. Return on cash invested prints 21.33% in year one, and rental yield reads 8.43% against a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation compiles into $158,862 by year five. Five-year ROI reaches 111.06% and total cumulative return in cash sums $210,095. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,039/mo property income covering a $2,814/mo payment, not borrower’s personal income.
Single Family
Built in 1995
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12020, Ballston Spa, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,355 (100%) |
| Owner Occupied HU | 10,454 (63.9%) |
| Renter Occupied HU | 4,631 (28.3%) |
| Vacant Housing Units | 1,270 ( 7.8%) |
| Median Home Value | $368,074 |
| Average Home Value | $412,521 |
Housing Distribution
Address Breakdown
Residential
15,952
Single Family
14,853
Multi-Family
1,099
Businesses
1,015
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Allison Bonner • eXp Realty
Mls Name: Global MLS
Mls ID: #202526521