1059-1061 Pearl StreetSchenectadyNY12303
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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 Schenectady at 1059-1061 Pearl Street, Schenectady, NY, 12303 uses $53,007 cash to close to unlock $39,022/yr annual cash flow and $3,252/mo monthly cash flow. Total monthly income runs $4,320/mo, and a $783/mo payment keeps the spread at $3,252/mo. Purchase price stands at $159,900, and rental yield measures 32.42% with $4,320/mo rent. Return on cash invested shows 93.53% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 498.26% and total cumulative return in cash records $264,114. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,320/mo property income covering a $783/mo payment rather than investor’s personal income.
Multi Family
Built in 1920
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12303, Schenectady, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,405 (100%) |
| Owner Occupied HU | 8,882 (66.3%) |
| Renter Occupied HU | 3,717 (27.7%) |
| Vacant Housing Units | 806 ( 6.0%) |
| Median Home Value | $263,822 |
| Average Home Value | $316,506 |
Housing Distribution
Address Breakdown
Residential
12,409
Single Family
12,096
Multi-Family
313
Businesses
563
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Listed by: Jean Singleton • Capital Realty Experts LLC
Mls Name: Global MLS
Mls Provider:
Mls ID: #202424178
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Judy Moriarty, Zillow, Inc., Corp. Broker