2115 Central Ave UNIT 9SchenectadyNY12304
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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 2115 Central Ave UNIT 9, Schenectady, NY, 12304 generates $803/mo in rent and, after a $492/mo payment, leaves $132/mo in cash flow. Total monthly income is $803/mo, and annual cash flow is $1,581/yr on $33,316 invested. Return on cash invested sits at 24.66% in year one, and rental yield is 9.59% on a $100,500 entry. Equity gained on principal adds $649/yr, while 5% annual appreciation builds toward $27,766 over five years. Five-year ROI reaches 128.93% and total cumulative return in cash sums $42,953. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $803/mo property income rather than buyer’s personal income.
Manufactured
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12304, Schenectady, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,827 (100%) |
| Owner Occupied HU | 5,220 (53.1%) |
| Renter Occupied HU | 4,011 (40.8%) |
| Vacant Housing Units | 596 ( 6.1%) |
| Median Home Value | $214,106 |
| Average Home Value | $258,404 |
Housing Distribution
Address Breakdown
Residential
8,914
Single Family
8,353
Multi-Family
561
Businesses
558
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Listed by: Adam Shelmerdine • IRE INVESTMENTS
Mls Name: My State MLS
Mls ID: #11560516