364 Altamont AvenueSchenectadyNY12303
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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
Investment property for sale in Schenectady at 364 Altamont Avenue, Schenectady, NY, 12303 uses $79,527 cash to close to unlock $806/yr annual cash flow and $67/mo monthly cash flow. Total monthly income runs $1,669/mo, and a $1,174/mo payment keeps the spread at $67/mo. Purchase price stands at $239,900, and rental yield measures 8.35% with $1,669/mo rent. Return on cash invested shows 20.92% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 108.95% and total cumulative return in cash records $86,647. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,669/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Single Family
Built in 1932
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12303, Schenectady, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,405 (100%) |
| Owner Occupied HU | 8,882 (66.3%) |
| Renter Occupied HU | 3,717 (27.7%) |
| Vacant Housing Units | 806 ( 6.0%) |
| Median Home Value | $263,822 |
| Average Home Value | $316,506 |
Housing Distribution
Address Breakdown
Residential
12,409
Single Family
12,096
Multi-Family
313
Businesses
563
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Listed by: Pavel Karakalchu • Gucciardo Real Estate LLC
Mls Name: Global MLS
Mls ID: #202528259