1074 Palazini DriveSchenectadyNY12303
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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 1074 Palazini Drive, Schenectady, NY, 12303 uses $89,505 cash to close to unlock $9,090/yr annual cash flow and $758/mo monthly cash flow. Total monthly income runs $2,561/mo, and a $1,322/mo payment keeps the spread at $758/mo. Purchase price stands at $269,999, and rental yield measures 11.38% with $2,561/mo rent. Return on cash invested shows 30.06% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 157.96% and total cumulative return in cash records $141,385. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,561/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Single Family
Built in 1949
8,712 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: Jeanine M Vollaro • Howard Hanna Capital Inc
Mls Name: Global MLS
Mls ID: #202526273