740 Hamilton StreetSchenectadyNY12307
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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 740 Hamilton Street, Schenectady, NY, 12307 offers $1,901/mo rent that, after a $1,174/mo payment, leaves $299/mo cash flow. Total monthly income is $1,901/mo, and annual cash flow is $3,590/yr on $79,527 cash. Return on cash invested measures 24.42% in year one, and rental yield stands at 9.51% at a $239,900 entry. Equity gained on principal adds $1,548/yr while 5% annual appreciation compounds into $66,280 by year five. Five-year ROI records 127.74% and total cumulative return in cash reaches $101,587. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,901/mo property income versus a $1,174/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12307, Schenectady, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,605 (100%) |
| Owner Occupied HU | 729 (20.2%) |
| Renter Occupied HU | 2,350 (65.2%) |
| Vacant Housing Units | 526 (14.6%) |
| Median Home Value | $101,736 |
| Average Home Value | $192,937 |
Housing Distribution
Address Breakdown
Residential
2,818
Single Family
2,316
Multi-Family
502
Businesses
143
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Listed by: Killeen M Cirilla • Epik Realty Group LLC
Mls Name: Global MLS
Mls ID: #202530983