128 6th StreetScotiaNY12302
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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 Scotia at 128 6th Street, Scotia, NY, 12302 uses $84,499 cash to close to unlock $1,517/yr annual cash flow and $126/mo monthly cash flow. Total monthly income runs $1,829/mo, and a $1,248/mo payment keeps the spread at $126/mo. Purchase price stands at $254,900, and rental yield measures 8.61% with $1,829/mo rent. Return on cash invested shows 21.7% in year one, and 5% annual appreciation builds toward $70,424 over five years. Five-year ROI reaches 113.14% and total cumulative return in cash records $95,604. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,829/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1902
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12302, Schenectady, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,691 (100%) |
| Owner Occupied HU | 8,698 (68.5%) |
| Renter Occupied HU | 3,062 (24.1%) |
| Vacant Housing Units | 931 ( 7.3%) |
| Median Home Value | $271,870 |
| Average Home Value | $311,678 |
Housing Distribution
Address Breakdown
Residential
12,116
Single Family
10,636
Multi-Family
1,480
Businesses
606
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Listed by: Shana Boodhoo • Thompson Real Estate Team
Mls Name: Global MLS
Mls Provider:
Mls ID: #202511585
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Judy Moriarty, Zillow, Inc., Corp. Broker