6 Elbert StreetSchenectadyNY12304
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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 6 Elbert Street, Schenectady, NY, 12304 priced at $259,900 converts $2,382/mo rent into $647/mo cash flow after a $1,272/mo obligation. Total monthly income equals $2,382/mo, and annual cash flow totals $7,758/yr on $86,157 invested. Return on cash invested prints 28.91% in year one, and rental yield reads 11% against a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,806 by year five. Five-year ROI reaches 151.79% and total cumulative return in cash sums $130,774. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,382/mo property income covering a $1,272/mo payment, not borrower’s personal income.
Single Family
Built in 1925
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12304, Schenectady, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,827 (100%) |
| Owner Occupied HU | 5,220 (53.1%) |
| Renter Occupied HU | 4,011 (40.8%) |
| Vacant Housing Units | 596 ( 6.1%) |
| Median Home Value | $214,106 |
| Average Home Value | $258,404 |
Housing Distribution
Address Breakdown
Residential
8,914
Single Family
8,353
Multi-Family
561
Businesses
558
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Listed by: Steven Hunt • Real Broker NY LLC
Mls Name: Global MLS
Mls ID: #202610273