697 Mc Crey 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 697 Mc Crey Drive, Ballston Spa, NY, 12020 priced at $579,999 pairs $3,880/mo rent with $7/mo cash flow after a $2,839/mo payment. Total monthly income equals $3,880/mo, and annual cash flow comes to $80/yr on $190,820 invested. Return on cash invested is 20.1% in year one, and rental yield stands at 8.03% on a $579,999 basis. Equity gained on principal adds $3,743/yr, and 5% annual appreciation accumulates to $160,243 by year five. Five-year ROI measures 104.49% and total cumulative return in cash reaches $199,388. For financing, Ziffy Mortgage’s DSCR program evaluates $3,880/mo property income against a $2,839/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1995
0.50 Acres lot
$N/A/sqft
No 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: Candace Osborne • Berkshire Hathaway Home Services Blake
Mls Name: Global MLS
Mls ID: #202525863