1118 3rd AvenueSchenectadyNY12303
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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
Total monthly income runs $1,625/mo, and a $1,390/mo payment. Purchase price stands at $284,000, and rental yield measures 6.87% with $1,625/mo rent. Return on cash invested shows 16.45% in year one, and 5% annual appreciation builds toward $78,464 over five years. Five-year ROI reaches 84.96% and total cumulative return in cash records $79,985. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,625/mo property income covering a $1,390/mo payment rather than investor’s personal income.
Multi Family
Built in 1890
5,227 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: Scott Scorzafava • Scorzafava Real Estate Group LLC
Mls Name: Global MLS
Mls ID: #202529150