1515 Foster 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
Rental property for sale in Schenectady at 1515 Foster Avenue, Schenectady, NY, 12308 priced at $264,900 converts $3,619/mo rent into $1,850/mo cash flow after a $1,297/mo obligation. Total monthly income equals $3,619/mo, and annual cash flow totals $22,195/yr on $87,814 invested. Return on cash invested prints 45.18% in year one, and rental yield reads 16.39% against a $264,900 entry. Equity gained on principal adds $1,709/yr, while 5% annual appreciation compiles into $73,187 by year five. Five-year ROI reaches 239.04% and total cumulative return in cash sums $209,912. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,619/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Multi Family
Built in 1920
3,920 sqft 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: Dyaram R Robert • Thompson Real Estate Team
Mls Name: Global MLS
Mls Provider:
Mls ID: #202423688
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