508 McKnight RoadSchodack LandingNY12156
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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 Schodack Landing at 508 McKnight Road, Schodack Landing, NY, 12156 offers $2,528/mo rent that, after a $1,615/mo payment, leaves $325/mo cash flow. Total monthly income is $2,528/mo, and annual cash flow is $3,896/yr on $109,362 cash. Return on cash invested measures 23.47% in year one, and rental yield stands at 9.2% at a $329,900 entry. Equity gained on principal adds $2,129/yr while 5% annual appreciation compounds into $91,145 by year five. Five-year ROI records 122.59% and total cumulative return in cash reaches $134,067. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,528/mo property income versus a $1,615/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
3.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12156, Schodack Landing, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 390 (100%) |
| Owner Occupied HU | 279 (71.5%) |
| Renter Occupied HU | 51 (13.1%) |
| Vacant Housing Units | 60 (15.4%) |
| Median Home Value | $278,529 |
| Average Home Value | $324,901 |
Housing Distribution
Address Breakdown
Residential
351
Single Family
351
Multi-Family
0
Businesses
7
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Listed by: Amanda L Hart • Miranda Real Estate Group, Inc
Mls Name: Global MLS
Mls ID: #202526626