72 Cordell RoadSchenectadyNY12304
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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
Investment property for sale in Schenectady at 72 Cordell Road, Schenectady, NY, 12304 uses $66,300 cash to close to unlock $2,356/yr annual cash flow and $196/mo monthly cash flow. Total monthly income runs $1,532/mo, and a $979/mo payment keeps the spread at $196/mo. Purchase price stands at $199,999, and rental yield measures 9.19% with $1,532/mo rent. Return on cash invested shows 23.46% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 122.6% and total cumulative return in cash records $81,284. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,532/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1962
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12304, Schenectady, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,827 (100%) |
| Owner Occupied HU | 5,220 (53.1%) |
| Renter Occupied HU | 4,011 (40.8%) |
| Vacant Housing Units | 596 ( 6.1%) |
| Median Home Value | $214,106 |
| Average Home Value | $258,404 |
Housing Distribution
Address Breakdown
Residential
8,914
Single Family
8,353
Multi-Family
561
Businesses
558
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Listed by: Angela Gonyo • Wolf River Real Estate, LLC
Mls Name: Global MLS
Mls ID: #202530460