833 Salem 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
Investment property for sale in Ballston Spa at 833 Salem Drive, Ballston Spa, NY, 12020 earns $791/mo cash flow from $4,190/mo rent with a $2,491/mo payment. Total monthly income totals $4,190/mo, and annual cash flow totals $9,495/yr on $167,461 capital. ROI tracks 25.73% on current figures, and rental yield reads 9.88% at a $509,000 purchase. Equity gained on principal adds $3,285/yr, and 5% annual appreciation supports $140,627 over five years. Five-year ROI reaches 134.69% and total cumulative return in cash sums $225,553. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,190/mo property income instead of your personal income.
Single Family
Built in 1997
10,018 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: Dominick J Megna • Vassi Realty
Mls Name: Global MLS
Mls ID: #202527247