L08 Corona CourtBallston LakeNY12019
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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 Lake at L08 Corona Court, Ballston Lake, NY, 12019 priced at $745,900 converts $3,973/mo rent into after a $3,651/mo obligation. Total monthly income equals $3,973/mo. Return on cash invested prints 15.13% in year one, and rental yield reads 6.39% against a $745,900 entry. Equity gained on principal adds $4,813/yr, while 5% annual appreciation compiles into $206,078 by year five. Five-year ROI reaches 77.82% and total cumulative return in cash sums $190,982. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,973/mo property income covering a $3,651/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12019, Ballston Lake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,378 (100%) |
| Owner Occupied HU | 5,541 (75.1%) |
| Renter Occupied HU | 1,428 (19.4%) |
| Vacant Housing Units | 409 ( 5.5%) |
| Median Home Value | $448,538 |
| Average Home Value | $492,385 |
Housing Distribution
Address Breakdown
Residential
6,827
Single Family
5,848
Multi-Family
979
Businesses
192
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Listed by: Jayne Schermerhorn • Signature One Realty Group LLC
Mls Name: Global MLS
Mls ID: #202527716