623 Seneca StreetSchenectadyNY12308
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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 623 Seneca Street, Schenectady, NY, 12308 priced at $263,500 pairs $2,013/mo rent with $253/mo cash flow after a $1,290/mo payment. Total monthly income equals $2,013/mo, and annual cash flow comes to $3,037/yr on $87,350 invested. Return on cash invested is 23.39% in year one, and rental yield stands at 9.17% on a $263,500 basis. Equity gained on principal adds $1,700/yr, and 5% annual appreciation accumulates to $72,800 by year five. Five-year ROI measures 122.17% and total cumulative return in cash reaches $106,716. For financing, Ziffy Mortgage’s DSCR program evaluates $2,013/mo property income against a $1,290/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1903
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12308, Schenectady, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,988 (100%) |
| Owner Occupied HU | 2,565 (36.7%) |
| Renter Occupied HU | 3,655 (52.3%) |
| Vacant Housing Units | 768 (11.0%) |
| Median Home Value | $220,918 |
| Average Home Value | $246,137 |
Housing Distribution
Address Breakdown
Residential
6,164
Single Family
5,713
Multi-Family
451
Businesses
228
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Listed by: Christopher Maley • Miranda Real Estate Group, Inc
Mls Name: Global MLS
Mls Provider:
Mls ID: #202516169
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