1508 Union StreetSchenectadyNY12309
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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
Total monthly income runs $2,497/mo, and a $2,031/mo payment. Purchase price stands at $415,000, and rental yield measures 7.22% with $2,497/mo rent. Return on cash invested shows 17.52% in year one, and 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 90.64% and total cumulative return in cash records $124,701. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,497/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Multi Family
Built in 1950
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12309, Schenectady, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,491 (100%) |
| Owner Occupied HU | 9,704 (71.9%) |
| Renter Occupied HU | 3,031 (22.5%) |
| Vacant Housing Units | 756 ( 5.6%) |
| Median Home Value | $348,109 |
| Average Home Value | $382,773 |
Housing Distribution
Address Breakdown
Residential
12,862
Single Family
12,210
Multi-Family
652
Businesses
513
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Listed by: Jerid Meagan • Principles 2019 LLC
Mls Name: Global MLS
Mls ID: #202522060