212 Riverside AvenueScotiaNY12302
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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 Scotia at 212 Riverside Avenue, Scotia, NY, 12302 offers a 12.17% rental yield on a $274,900 purchase with $2,789/mo rent. Total monthly income registers $2,789/mo, and a $1,346/mo payment leaves $954/mo available for distribution. Annual cash flow reaches $11,445/yr on $91,129 to close, and return on cash invested stands at 32.47% in year one. Equity gained on principal adds $1,774/yr while 5% annual appreciation supports $75,950 over five years. Portfolio math shows five-year ROI at 170.83% and total cumulative return in cash at $155,679. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,789/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
7,405 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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