424 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
Investment property for sale in Schenectady at 424 Summit Avenue, Schenectady, NY, 12307 offers a 9.36% rental yield on a $139,000 purchase with $1,084/mo rent. Total monthly income registers $1,084/mo, and a $680/mo payment leaves $156/mo available for distribution. Annual cash flow reaches $1,873/yr on $46,079 to close, and return on cash invested stands at 23.97% in year one. Equity gained on principal adds $897/yr while 5% annual appreciation supports $38,403 over five years. Portfolio math shows five-year ROI at 125.39% and total cumulative return in cash at $57,776. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,084/mo property income against a $680/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: #202521421