9 Ridge TerraceColonieNY12205
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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 Colonie at 9 Ridge Terrace, Colonie, NY, 12205 priced at $288,500 pairs $3,277/mo rent with $1,351/mo cash flow after a $1,412/mo payment. Total monthly income equals $3,277/mo, and annual cash flow comes to $16,206/yr on $95,638 invested. Return on cash invested is 36.85% in year one, and rental yield stands at 13.63% on a $288,500 basis. Equity gained on principal adds $1,862/yr, and 5% annual appreciation accumulates to $79,707 by year five. Five-year ROI measures 194.36% and total cumulative return in cash reaches $185,881. For financing, Ziffy Mortgage’s DSCR program evaluates $3,277/mo property income against a $1,412/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12205, Albany, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,405 (100%) |
| Owner Occupied HU | 8,074 (65.1%) |
| Renter Occupied HU | 3,698 (29.8%) |
| Vacant Housing Units | 633 ( 5.1%) |
| Median Home Value | $282,793 |
| Average Home Value | $315,310 |
Housing Distribution
Address Breakdown
Residential
12,022
Single Family
10,661
Multi-Family
1,361
Businesses
2,392
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