1321 State StreetSchenectadyNY12304
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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 1321 State Street, Schenectady, NY, 12304 uses $79,560 cash to close to unlock $4,716/yr annual cash flow and $393/mo monthly cash flow. Total monthly income runs $1,996/mo, and a $1,175/mo payment keeps the spread at $393/mo. Purchase price stands at $240,000, and rental yield measures 9.98% with $1,996/mo rent. Return on cash invested shows 25.84% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 135.25% and total cumulative return in cash records $107,606. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,996/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Multi Family
Built in 1910
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12304, Schenectady, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,827 (100%) |
| Owner Occupied HU | 5,220 (53.1%) |
| Renter Occupied HU | 4,011 (40.8%) |
| Vacant Housing Units | 596 ( 6.1%) |
| Median Home Value | $214,106 |
| Average Home Value | $258,404 |
Housing Distribution
Address Breakdown
Residential
8,914
Single Family
8,353
Multi-Family
561
Businesses
558
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Listed by: Ryan Gocool • Miranda Real Estate Group Inc
Mls Name: Global MLS
Mls ID: #202610712