41 Old Mill 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
Investment property for sale in Queensbury at 41 Old Mill Lane, Queensbury, NY, 12804 uses $87,516 cash to close to unlock $3,758/yr annual cash flow and $313/mo monthly cash flow. Total monthly income runs $2,144/mo, and a $1,292/mo payment keeps the spread at $313/mo. Purchase price stands at $264,000, and rental yield measures 9.75% with $2,144/mo rent. Return on cash invested shows 24.2% in year one, and 5% annual appreciation builds toward $72,938 over five years. Five-year ROI reaches 126.89% and total cumulative return in cash records $111,049. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,144/mo property income covering a $1,292/mo payment rather than investor’s personal income.
Townhouse
Built in 1994
4,791 sqft lot
$N/A/sqft
$68 monthly 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: Melanie Lovett • Howard Hanna Capital Inc
Mls Name: Global MLS
Mls Provider:
Mls ID: #202525483
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