54 Michigan AvenueQueensburyNY12804
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
Investment property for sale in Queensbury at 54 Michigan Avenue, Queensbury, NY, 12804 listed at $189,000 pairs $2,639/mo rent with a $925/mo payment to leave $1,377/mo cash flow. Total monthly income runs $2,639/mo, and annual cash flow reaches $16,523/yr on $62,654 cash to close. Return on cash invested measures 46.28% in year one, and rental yield registers 16.76% at a $189,000 basis. Equity gained on principal adds $1,220/yr, and annual property appreciation at 5% supports $52,217 by year five. Five-year ROI tracks 244.89% and total cumulative return in cash totals $153,430. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,639/mo property income relative to a $925/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1989
9,147 sqft 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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Nearby investment properties with comparable prices
Listed by: Pamela Armstrong • Coldwell Banker Prime Properties
Mls Name: Global MLS
Mls ID: #202527238