705 South AvenueSchenectadyNY12305
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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 705 South Avenue, Schenectady, NY, 12305 offers $1,859/mo rent that, after a $1,762/mo payment. Total monthly income is $1,859/mo. Return on cash invested measures 14.43% in year one, and rental yield stands at 6.2% at a $360,000 entry. Equity gained on principal adds $2,323/yr while 5% annual appreciation compounds into $99,461 by year five. Five-year ROI records 74.08% and total cumulative return in cash reaches $88,401. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,859/mo property income versus a $1,762/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1910
3,920 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: David Kellogg • Thomas P Moore
Mls Name: Global MLS
Mls ID: #202523599