113-115 S Ferry StreetSchenectadyNY12305
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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 113-115 S Ferry Street, Schenectady, NY, 12305 offers a 4.1% rental yield on a $389,900 purchase with $1,331/mo rent. 1% in year one. Equity gained on principal adds $2,516/yr while 5% annual appreciation supports $107,722 over five years. Portfolio math shows five-year ROI at 40.15% and total cumulative return in cash at $51,889. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,331/mo property income against a $1,908/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1910
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12305, Schenectady, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,338 (100%) |
| Owner Occupied HU | 301 ( 9.0%) |
| Renter Occupied HU | 2,645 (79.2%) |
| Vacant Housing Units | 392 (11.7%) |
| Median Home Value | $251,136 |
| Average Home Value | $320,153 |
Housing Distribution
Address Breakdown
Residential
3,191
Single Family
1,680
Multi-Family
1,511
Businesses
582
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Listed by: Dawn L Morrison • Armida Rose Realty Group
Mls Name: Global MLS
Mls ID: #202610788