48 Meadow DriveQueensburyNY12804
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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 48 Meadow Drive, Queensbury, NY, 12804 priced at $363,900 converts $3,360/mo rent into $930/mo cash flow after a $1,781/mo obligation. Total monthly income equals $3,360/mo, and annual cash flow totals $11,161/yr on $120,633 invested. Return on cash invested prints 29.16% in year one, and rental yield reads 11.08% against a $363,900 entry. Equity gained on principal adds $2,348/yr, while 5% annual appreciation compiles into $100,539 by year five. Five-year ROI reaches 153.13% and total cumulative return in cash sums $184,726. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,360/mo property income covering a $1,781/mo payment, not borrower’s personal income.
Single Family
Built in 1988
0.82 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: Savannah Linendoll • Hunt ERA
Mls Name: Global MLS
Mls ID: #202610334