8 Linden LaneBallston 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 8 Linden Lane, Ballston Spa, NY, 12020 priced at $329,000 pairs $2,891/mo rent with $694/mo cash flow after a $1,610/mo payment. Total monthly income equals $2,891/mo, and annual cash flow comes to $8,331/yr on $109,064 invested. Return on cash invested is 27.55% in year one, and rental yield stands at 10.54% on a $329,000 basis. Equity gained on principal adds $2,123/yr, and 5% annual appreciation accumulates to $90,897 by year five. Five-year ROI measures 144.46% and total cumulative return in cash reaches $157,557. For financing, Ziffy Mortgage’s DSCR program evaluates $2,891/mo property income against a $1,610/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2015
1,306 sqft 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: Lisa Gabriel • Find Advisors
Mls Name: Global MLS
Mls ID: #202524773