116 N 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
Rental property for sale in Schenectady at 116 N Ferry Street, Schenectady, NY, 12305 generates $1,567/mo in rent, after a $1,419/mo payment. Total monthly income is $1,567/mo. Return on cash invested sits at 15.3% in year one, and rental yield is 6.49% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 78.83% and total cumulative return in cash sums $75,753. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,567/mo property income rather than buyer’s personal income.
Multi Family
Built in 1880
5,662 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: Patrick Dunn • KW Platform
Mls Name: Global MLS
Mls ID: #202523524