312 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 312 Harborside Drive, Schenectady, NY, 12305 offers $3,499/mo rent that, after a $3,817/mo payment. Total monthly income is $3,499/mo. Return on cash invested measures 10.08% in year one, and rental yield stands at 5.38% at a $779,850 entry. Equity gained on principal adds $5,032/yr while 5% annual appreciation compounds into $215,458 by year five. Five-year ROI records 51.47% and total cumulative return in cash reaches $132,065. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,499/mo property income versus a $3,817/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2019
871.20 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: Paul A Friello • Coldwell Banker Prime Properties
Mls Name: Global MLS
Mls Provider:
Mls ID: #202525685
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