963 Strong 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 963 Strong Street, Schenectady, NY, 12307 generates $1,513/mo in rent and, after a $881/mo payment, leaves $311/mo in cash flow. Total monthly income is $1,513/mo, and annual cash flow is $3,732/yr on $59,670 invested. Return on cash invested sits at 26.16% in year one, and rental yield is 10.09% on a $179,999 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation builds toward $49,730 over five years. Five-year ROI reaches 137% and total cumulative return in cash sums $81,748. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,513/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
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: Kris Lippi • Get Listed Realty
Mls Name: Global MLS
Mls ID: #202610315