5 Wiggins DriveBallston SpaNY12020
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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 Ballston Spa at 5 Wiggins Drive, Ballston Spa, NY, 12020 priced at $475,900 pairs $3,836/mo rent with $483/mo cash flow after a $2,329/mo payment. Total monthly income equals $3,836/mo, and annual cash flow comes to $5,800/yr on $157,761 invested. Return on cash invested is 23.59% in year one, and rental yield stands at 9.67% on a $475,900 basis. Equity gained on principal adds $3,071/yr, and 5% annual appreciation accumulates to $131,482 by year five. Five-year ROI measures 123.69% and total cumulative return in cash reaches $195,133. For financing, Ziffy Mortgage’s DSCR program evaluates $3,836/mo property income against a $2,329/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2023
8,712 sqft lot
$N/A/sqft
$175 monthly 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
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Listed by: Patti Quade • Signature One Realty Grp, LLC
Mls Name: Global MLS
Mls Provider:
Mls ID: #202412125
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