209 Elmer 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
Investment property for sale in Schenectady at 209 Elmer Avenue, Schenectady, NY, 12308 with 5% annual appreciation on a $339,900 basis while $2,664/mo rent supports operations. Total monthly income totals $2,664/mo and a $1,664/mo payment preserves $394/mo for cash returns. Annual cash flow comes to $4,726/yr on $112,677 deployed, and return on cash invested reaches 24.1% in year one. Equity gained on principal adds $2,193/yr, and five-year appreciation sums $93,908 alongside rental yield of 9.41%. Five-year ROI measures 125.98% and total cumulative return in cash totals $141,947.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,664/mo property income versus a $1,664/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1915
7,405 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: Jeury Lugo • KW Platform
Mls Name: Global MLS
Mls ID: #202610766