1461 Grenoside AvenueSchenectadyNY12308
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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 1461 Grenoside Avenue, Schenectady, NY, 12308 listed at $314,900 pairs $2,845/mo rent with a $1,541/mo payment to leave $742/mo cash flow. Total monthly income runs $2,845/mo, and annual cash flow reaches $8,909/yr on $104,389 cash to close. Return on cash invested measures 28.44% in year one, and rental yield registers 10.84% at a $314,900 basis. Equity gained on principal adds $2,032/yr, and annual property appreciation at 5% supports $87,001 by year five. Five-year ROI tracks 149.28% and total cumulative return in cash totals $155,830. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,845/mo property income relative to a $1,541/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1952
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12308, Schenectady, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,988 (100%) |
| Owner Occupied HU | 2,565 (36.7%) |
| Renter Occupied HU | 3,655 (52.3%) |
| Vacant Housing Units | 768 (11.0%) |
| Median Home Value | $220,918 |
| Average Home Value | $246,137 |
Housing Distribution
Address Breakdown
Residential
6,164
Single Family
5,713
Multi-Family
451
Businesses
228
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Listed by: Danielle M Minuto • Howard Hanna Capital, Inc.
Mls Name: Global MLS
Mls ID: #202524737