602 Charles StreetSchenectadyNY12302
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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 602 Charles Street, Schenectady, NY, 12302 priced at $189,900 converts $1,491/mo rent into $223/mo cash flow after a $929/mo obligation. Total monthly income equals $1,491/mo, and annual cash flow totals $2,680/yr on $62,952 invested. Return on cash invested prints 24.17% in year one, and rental yield reads 9.42% against a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation compiles into $52,466 by year five. Five-year ROI reaches 126.35% and total cumulative return in cash sums $79,541. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,491/mo property income covering a $929/mo payment, not borrower’s personal income.
Single Family
Built in 1941
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12302, Schenectady, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,691 (100%) |
| Owner Occupied HU | 8,698 (68.5%) |
| Renter Occupied HU | 3,062 (24.1%) |
| Vacant Housing Units | 931 ( 7.3%) |
| Median Home Value | $271,870 |
| Average Home Value | $311,678 |
Housing Distribution
Address Breakdown
Residential
12,116
Single Family
10,636
Multi-Family
1,480
Businesses
606
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Listed by: Kevin Clancy • Clancy Real Estate
Mls Name: Global MLS
Mls ID: #202528652