16 Knickerbocker RoadScotiaNY12302
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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 Scotia at 16 Knickerbocker Road, Scotia, NY, 12302 priced at $208,577 converts $2,410/mo rent into $1,017/mo cash flow after a $1,021/mo obligation. Total monthly income equals $2,410/mo, and annual cash flow totals $12,204/yr on $69,143 invested. Return on cash invested prints 37.56% in year one, and rental yield reads 13.87% against a $208,577 entry. Equity gained on principal adds $1,346/yr, while 5% annual appreciation compiles into $57,626 by year five. Five-year ROI reaches 198.22% and total cumulative return in cash sums $137,053. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,410/mo property income covering a $1,021/mo payment, not borrower’s personal income.
Single Family
Built in 1956
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12302, Schenectady, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,691 (100%) |
| Owner Occupied HU | 8,698 (68.5%) |
| Renter Occupied HU | 3,062 (24.1%) |
| Vacant Housing Units | 931 ( 7.3%) |
| Median Home Value | $271,870 |
| Average Home Value | $311,678 |
Housing Distribution
Address Breakdown
Residential
12,116
Single Family
10,636
Multi-Family
1,480
Businesses
606
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Listed by: JoAnn M Faucett • Howard Hanna Capital Inc
Mls Name: Global MLS
Mls Provider:
Mls ID: #202521254
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