246 Union StreetSchenectadyNY12305
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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 246 Union Street, Schenectady, NY, 12305 uses $124,279 cash to close to unlock $1,685/yr annual cash flow and $140/mo monthly cash flow. Total monthly income runs $2,644/mo, and a $1,835/mo payment keeps the spread at $140/mo. Purchase price stands at $374,900, and rental yield measures 8.46% with $2,644/mo rent. Return on cash invested shows 21.26% in year one, and 5% annual appreciation builds toward $103,578 over five years. Five-year ROI reaches 110.77% and total cumulative return in cash records $137,659. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,644/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Townhouse
Built in 1920
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12305, Schenectady, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,338 (100%) |
| Owner Occupied HU | 301 ( 9.0%) |
| Renter Occupied HU | 2,645 (79.2%) |
| Vacant Housing Units | 392 (11.7%) |
| Median Home Value | $251,136 |
| Average Home Value | $320,153 |
Housing Distribution
Address Breakdown
Residential
3,191
Single Family
1,680
Multi-Family
1,511
Businesses
582
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Listed by: Jennifer L Karam • Howard Hanna Capital Inc
Mls Name: Global MLS
Mls ID: #202610933