302 Division StreetSchenectadyNY12304
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 302 Division Street, Schenectady, NY, 12304 in Schenectady hard to pass up. The 19.2% gross yield on a $255,000 purchase results in $4,080/mo in rent and $2,377/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (3.56). Annual cash flow of $28,526, five-year appreciation of $70,452, and $2,349/yr in equity build-up combine for a projected total cumulative return of $250,235.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 19.2% | 7.2% |
| Monthly Cash Flow | $2,377 | $450 |
City averages based on Schenectady market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,080 |
| Total Monthly Debt Service | $1,601 |
| DSCR Ratio | 2.55x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1920
3,049 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1920
3,049 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices