261 Altamont AveSchenectadyNY12304
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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 261 Altamont Ave, Schenectady, NY, 12304 generates $2,921/mo in rent and, after a $886/mo payment, leaves $1,712/mo in cash flow. Total monthly income is $2,921/mo, and annual cash flow is $20,547/yr on $60,002 invested. Return on cash invested sits at 54.15% in year one, and rental yield is 19.37% on a $181,000 entry. Equity gained on principal adds $1,168/yr, while 5% annual appreciation builds toward $50,007 over five years. Five-year ROI reaches 287.18% and total cumulative return in cash sums $172,315. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,921/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
4,356 sqft 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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