10 Ferrara AvenueSchenectadyNY12304
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 Schenectady at 10 Ferrara Avenue, Schenectady, NY, 12304 priced at $339,999 converts $2,418/mo rent into $148/mo cash flow after a $1,664/mo obligation. Total monthly income equals $2,418/mo, and annual cash flow totals $1,772/yr on $112,710 invested. Return on cash invested prints 21.48% in year one, and rental yield reads 8.53% against a $339,999 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,935 by year five. Five-year ROI reaches 111.92% and total cumulative return in cash sums $126,150. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,418/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 1915
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12304, Schenectady, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,827 (100%) |
| Owner Occupied HU | 5,220 (53.1%) |
| Renter Occupied HU | 4,011 (40.8%) |
| Vacant Housing Units | 596 ( 6.1%) |
| Median Home Value | $214,106 |
| Average Home Value | $258,404 |
Housing Distribution
Address Breakdown
Residential
8,914
Single Family
8,353
Multi-Family
561
Businesses
558
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Edward Whitty • Empire Real Estate Firm LLC
Mls Name: Global MLS
Mls ID: #202611210