1588 Avenue ASchenectadyNY12308
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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 1588 Avenue A, Schenectady, NY, 12308 generates $2,078/mo in rent and, after a $951/mo payment, leaves $780/mo in cash flow. Total monthly income is $2,078/mo, and annual cash flow is $9,364/yr on $64,444 invested. Return on cash invested sits at 34.44% in year one, and rental yield is 12.83% on a $194,400 entry. Equity gained on principal adds $1,254/yr, while 5% annual appreciation builds toward $53,709 over five years. Five-year ROI reaches 181.46% and total cumulative return in cash sums $116,942. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,078/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
3,963 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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