5 Spring Street Unit 402Saratoga 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 5 Spring Street Unit 402, Saratoga Springs, NY, 12866 generates $3,539/mo in rent, after a $4,062/mo payment. Total monthly income is $3,539/mo. Return on cash invested sits at 11.26% in year one, and rental yield is 5.12% on a $830,000 entry. Equity gained on principal adds $5,356/yr, while 5% annual appreciation builds toward $229,314 over five years. Five-year ROI reaches 57.06% and total cumulative return in cash sums $155,802. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,539/mo property income rather than buyer’s personal income.
Condo
Built in 2016
1,742 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: Charles B Goodridge • Julie & Co Realty LLC
Mls Name: Global MLS
Mls ID: #202610227