658 Salvia LaneSchenectadyNY12303
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 658 Salvia Lane, Schenectady, NY, 12303 offers $3,649/mo rent that, after a $2,912/mo payment. Total monthly income is $3,649/mo. Return on cash invested measures 18.07% in year one, and rental yield stands at 7.36% at a $595,000 entry. Equity gained on principal adds $3,839/yr while 5% annual appreciation compounds into $164,388 by year five. Five-year ROI records 93.61% and total cumulative return in cash reaches $183,242. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,649/mo property income versus a $2,912/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12303, Schenectady, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,405 (100%) |
| Owner Occupied HU | 8,882 (66.3%) |
| Renter Occupied HU | 3,717 (27.7%) |
| Vacant Housing Units | 806 ( 6.0%) |
| Median Home Value | $263,822 |
| Average Home Value | $316,506 |
Housing Distribution
Address Breakdown
Residential
12,409
Single Family
12,096
Multi-Family
313
Businesses
563
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Listed by: Elizabeth Page • KW Platform
Mls Name: Global MLS
Mls ID: #202521217