8 Aletta StreetSaratoga SpringsNY12866
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
Rental property for sale in Saratoga Springs at 8 Aletta Street, Saratoga Springs, NY, 12866 generates $2,743/mo in rent, after a $3,079/mo payment. Total monthly income is $2,743/mo. Return on cash invested sits at 11.61% in year one, and rental yield is 5.23% on a $629,000 entry. Equity gained on principal adds $4,059/yr, while 5% annual appreciation builds toward $173,781 over five years. Five-year ROI reaches 58.95% and total cumulative return in cash sums $121,989. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,743/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
6,098 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andrew Barber • KW Platform
Mls Name: Global MLS
Mls ID: #202522538