1617 Fourth AvenueSchenectadyNY12303
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Nearby investment properties with comparable prices
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 1617 Fourth Avenue, Schenectady, NY, 12303 earns $815/mo cash flow from $1,984/mo rent with a $857/mo payment. Total monthly income totals $1,984/mo, and annual cash flow totals $9,779/yr on $58,013 capital. ROI tracks 36.77% on current figures, and rental yield reads 13.6% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 193.87% and total cumulative return in cash sums $112,471. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,984/mo property income instead of your personal income.
Multi Family
Built in 1923
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12303, Schenectady, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,405 (100%) |
| Owner Occupied HU | 8,882 (66.3%) |
| Renter Occupied HU | 3,717 (27.7%) |
| Vacant Housing Units | 806 ( 6.0%) |
| Median Home Value | $263,822 |
| Average Home Value | $316,506 |
Housing Distribution
Address Breakdown
Residential
12,409
Single Family
12,096
Multi-Family
313
Businesses
563
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Listed by: Mahendra Datt • Epik Realty Group LLC
Mls Name: Global MLS
Mls ID: #202529682