309 Harborside DriveSchenectadyNY12305
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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 309 Harborside Drive, Schenectady, NY, 12305 generates $4,079/mo in rent, after a $3,989/mo payment. Total monthly income is $4,079/mo. Return on cash invested sits at 12.06% in year one, and rental yield is 6.01% on a $815,000 entry. Equity gained on principal adds $5,259/yr, while 5% annual appreciation builds toward $225,169 over five years. Five-year ROI reaches 62.04% and total cumulative return in cash sums $166,345. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,079/mo property income rather than buyer’s personal income.
Townhouse
Built in 2018
1,306 sqft lot
$N/A/sqft
$425 monthly 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: Meghan O'Connor • KW Platform
Mls Name: Global MLS
Mls Provider:
Mls ID: #202514574
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Judy Moriarty, Zillow, Inc., Corp. Broker