422 Summit AvenueSchenectadyNY12307
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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 422 Summit Avenue, Schenectady, NY, 12307 priced at $139,000 converts $1,068/mo rent into $140/mo cash flow after a $680/mo obligation. Total monthly income equals $1,068/mo, and annual cash flow totals $1,681/yr on $46,079 invested. Return on cash invested prints 23.56% in year one, and rental yield reads 9.22% against a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation compiles into $38,403 by year five. Five-year ROI reaches 123.15% and total cumulative return in cash sums $56,744. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,068/mo property income covering a $680/mo payment, not borrower’s personal income.
Townhouse
Built in 2025
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12307, Schenectady, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,605 (100%) |
| Owner Occupied HU | 729 (20.2%) |
| Renter Occupied HU | 2,350 (65.2%) |
| Vacant Housing Units | 526 (14.6%) |
| Median Home Value | $101,736 |
| Average Home Value | $192,937 |
Housing Distribution
Address Breakdown
Residential
2,818
Single Family
2,316
Multi-Family
502
Businesses
143
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Listed by: Khadijah Peek • Peek Realty
Mls Name: Global MLS
Mls ID: #202519765