1120 Outer 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 1120 Outer Drive, Schenectady, NY, 12303 listed at $209,900 pairs $1,497/mo rent with a $1,027/mo payment to leave $96/mo cash flow. Total monthly income runs $1,497/mo, and annual cash flow reaches $1,148/yr on $69,582 cash to close. Return on cash invested measures 21.56% in year one, and rental yield registers 8.56% at a $209,900 basis. Equity gained on principal adds $1,354/yr, and annual property appreciation at 5% supports $57,992 by year five. Five-year ROI tracks 112.35% and total cumulative return in cash totals $78,176. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,497/mo property income relative to a $1,027/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1945
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: Amjad Mughal • M J J Realty
Mls Name: Global MLS
Mls ID: #202524725