604 State StreetSchenectadyNY12305
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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 604 State Street, Schenectady, NY, 12305 priced at $1,499,900 pairs $1,105/mo rent with after a $7,341/mo payment. Total monthly income equals $1,105/mo. Return on cash invested is -1.63% in year one, and rental yield stands at 0.88% on a $1,499,900 basis. Equity gained on principal adds $9,679/yr, and 5% annual appreciation accumulates to $414,395 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $1,105/mo property income against a $7,341/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1940
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12305, Schenectady, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,338 (100%) |
| Owner Occupied HU | 301 ( 9.0%) |
| Renter Occupied HU | 2,645 (79.2%) |
| Vacant Housing Units | 392 (11.7%) |
| Median Home Value | $251,136 |
| Average Home Value | $320,153 |
Housing Distribution
Address Breakdown
Residential
3,191
Single Family
1,680
Multi-Family
1,511
Businesses
582
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Listed by: Samuel J Thompson • Thompson Real Estate Team
Mls Name: Global MLS
Mls Provider:
Mls ID: #202414718
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