2 Michael DriveColonieNY12303
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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
Investment property for sale in Colonie at 2 Michael Drive, Colonie, NY, 12303 with 5% annual appreciation on a $639,900 basis while $2,154/mo rent supports operations. 98% in year one. Equity gained on principal adds $4,129/yr, and five-year appreciation sums $176,793 alongside rental yield of 4.04%. Five-year ROI measures 39.48% and total cumulative return in cash totals $83,123. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,154/mo property income versus a $3,132/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2025
2 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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