553 Mumford StreetSchenectadyNY12307
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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 553 Mumford Street, Schenectady, NY, 12307 priced at $230,000 converts $1,978/mo rent into $442/mo cash flow after a $1,126/mo obligation. Total monthly income equals $1,978/mo, and annual cash flow totals $5,302/yr on $76,245 invested. Return on cash invested prints 26.86% in year one, and rental yield reads 10.32% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. Five-year ROI reaches 140.78% and total cumulative return in cash sums $107,335. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,978/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Multi Family
Built in 1920
9,583 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: John O'Neill-Knasick • eXp Realty
Mls Name: Global MLS
Mls Provider:
Mls ID: #202424890
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