29 Columbia StreetSchenectadyNY12308
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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 29 Columbia Street, Schenectady, NY, 12308 priced at $224,900 converts $2,764/mo rent into $1,262/mo cash flow after a $1,101/mo obligation. Total monthly income equals $2,764/mo, and annual cash flow totals $15,143/yr on $74,554 invested. Return on cash invested prints 40.22% in year one, and rental yield reads 14.75% against a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation compiles into $62,136 by year five. Five-year ROI reaches 212.4% and total cumulative return in cash sums $158,353. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,764/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1915
3,484 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: Dylan M Guido • Pro Realty Connection LLC
Mls Name: Global MLS
Mls ID: #202525313