3110 Albany St · Schenectady, NY 12304

$89,900

3 bd · 1.0 ba · 1,340 sqft · SingleFamily public records · 40 Days on market

Built 1930 6,098 sqft lot $67/sqft · 63% below area

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.9/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

3110 Albany St, Schenectady, NY -- Investor Special with Massive Upside ? City-owned opportunity in the heart of Schenectady with serious value-add potential. This 3-bedroom, 2-bath home offers approximately 1,340 sq ft and is the perfect project for investors, flippers, or contractors looking for their next renovation. With an estimated ARV around $300,000, the numbers make sense for those ready to bring this property back to life. Reserve for this property is $50,000 The home needs renovation throughout but offers a strong layout, generous room sizes, and the chance to build instant equity. Conveniently located near shopping, schools, restaurants, and major highways. Whether you're

Key facts

• Near schools
• Generous room sizes
• Value-add potential

Tags

• VALUE-ADD POTENTIAL
• STRONG LAYOUT
• GENEROUS ROOM SIZES
• NEAR SCHOOLS
• NEAR RESTAURANTS
• NEAR MAJOR HIGHWAYS

Property features AI

Exterior

• Parking: Detached or attached 2 parking spaces (2-car garage capacity listed as 2 spaces, 2 total parking spaces)
• Utilities: Public water; Public sewer
• Home design: Single family residence; Vinyl siding construction
• Construction: Vinyl siding
• Exterior features: Lot approximately 0.14 acres

Interior

• Kitchen: Dishwasher; Kitchen on the first floor
• Bedrooms: Three bedrooms on the second floor
• Bathrooms: Two full bathrooms (one on the first floor, one on the second floor)
• Heating & cooling: Natural gas heating
• Interior features: Great Room; Dining Room; Full, unfinished basement; 6 total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $931 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $90k).
• Recommended offer: $87k (3.0% below list) — sets the bar for market timing.
• Cap rate 18.7% vs local median 6.3% in Schenectady — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 78/100 on livability (#167 in NY, #2,597 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, health & safety A+, cost of living A; Watch: employment D+, crime F.
• Schenectady City School District (urban): math 38% / reading 34% proficiency, ranked #556 of 590 in NY (top 94%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 65% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Schenectady High School (math 75% / reading 90%, grade A, #446 of 1,100 statewide, top 41%, 2,743 students, 71% FRL).
• Zoned-school proficiency averages 82% at this address vs 36% district-wide (+46 pts) — the actual schools serving this property are materially stronger than the Schenectady City School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 107 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 154 units permitted in Schenectady County in 2024 (54 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $622 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Schenectady County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $25k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($87k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $87,203 (3.0% below list)

Questions for the listing agent

1. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 2.19% ✓
• Cap rate: 18.72%
• Cash-on-cash: 44.37%
• DSCR: 2.97
• GRM: 3.8

CMA / ARV

• ARV (median comp): $242,779
• List price: $89,900
• Delta: -62.97%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3123 Albany St	0.04mi	3/1.0	1,283 (-4%)	4mo	$229,000	$178	88
14 Chester St	0.22mi	3/1.0	1,355 (+1%)	7mo	$250,000	$185	82
22 Hillcrest Ave	0.20mi	2/1.5 (-1)	1,332 (-1%)	6mo	$222,000	$167	78
126 Manchester Rd	0.12mi	3/1.5	1,208 (-10%)	0mo	$290,000	$240	76
3095 Albany St	0.04mi	3/1.5	1,187 (-11%)	6mo	$249,000	$210	72
47 Marriott Ave	0.36mi	3/1.0	1,271 (-5%)	4mo	$209,500	$165	72
13 Corlaer Ave	0.41mi	3/1.5	1,277 (-5%)	6mo	$153,000	$120	66
3340 Kenwood Ave	0.32mi	3/1.5	1,486 (+11%)	6mo	$300,000	$202	60
66 Garfield Ave	0.59mi	3/1.0	1,277 (-5%)	6mo	$206,500	$162	59
2829 Consaul Rd	0.70mi	3/1.0	1,242 (-7%)	4mo	$222,500	$179	52
1044 Climax Ave	0.65mi	3/2.0	1,183 (-12%)	1mo	$135,000	$114	45
325 Midland Ave	0.58mi	3/1.5	1,140 (-15%)	5mo	$220,000	$193	42

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 41.4%
• Equity multiple: 2.78×
• Total profit: $44,745
• Equity at exit: $13,404

10-year hold

• IRR: 47.6%
• Equity multiple: 5.59×
• Total profit: $115,421
• Equity at exit: $7,773

Cash invested: $25,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 12304

• Home prices YoY: -25.5%
• Active inventory: 107
• Price-to-rent: 3.8×

Monthly cashflow live

• Estimated rent: $1,965 medium
• Mortgage (P&I): −$471
• Tax est. 1.5%: −$112 /mo · $1,348/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$413
• Net cashflow: $931

Break-even live

Break-even rent $786

Max offer price $89,900

Occupancy floor 48%

Sensitivity live

Price	-10% $993	-5% $962	+0% $931	+5% $900	+10% $869
Rent	-10% $776	-5% $853	+0% $931	+5% $1,008	+10% $1,086
Rate	-1.0pp $976	-0.5pp $954	base $931	+0.5pp $908	+1.0pp $884

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $22,475
• Closing costs: $2,697
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2012 State St Schenectady, NY	3.0	2.0	1585	$1,950	$1.23	15d	1	0.22mi
103 Kings Rd Unit 106 Schenectady, NY	2.0	2.0	1100	$1,450	$1.32	15d	1	0.42mi
2810 Consaul Rd Schenectady, NY	2.0	2.0	1450	$2,700	$1.86	15d	1	0.65mi
6 Arrow St Schenectady, NY	2.0	1.0	1400	$2,000	$1.43	15d	1	1.45mi

Listing history 17 events

1. 2026-06-21
   days on market $89,900 Active 40 DOM
2. 2026-06-18
   days on market $89,900 Active 37 DOM
3. 2026-06-17
   days on market $89,900 Active 36 DOM
4. 2026-06-16
   days on market $89,900 Active 35 DOM
5. 2026-06-15
   days on market $89,900 Active 34 DOM
6. 2026-06-14
   days on market $89,900 Active 32 DOM
7. 2026-06-13
   days on market $89,900 Active 31 DOM
8. 2026-06-10
   days on market $89,900 Active 29 DOM
9. 2026-06-09
   days on market $89,900 Active 28 DOM
10. 2026-06-08
    days on market $89,900 Active 27 DOM
11. 2026-06-07
    days on market $89,900 Active 26 DOM
12. 2026-06-03
    days on market $89,900 Active 22 DOM
13. 2026-06-02
    days on market $89,900 Active 21 DOM
14. 2026-06-01
    days on market $89,900 Active 20 DOM
15. 2026-05-31
    days on market $89,900 Active 19 DOM
16. 2026-05-31
    days on market $89,900 Active 18 DOM
17. 2026-05-11
    listed $89,900 Active 838-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 57% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥95°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,576
• − Mortgage interest: −$5,036
• − Property taxes: −$1,348
• − Insurance: −$450
• − Repairs & maintenance: −$1,886
• − Management: −$1,886
• − Depreciation: −$2,615
• Taxable income: $10,355
• Est. tax owed @ 24.0%: −$2,485
• After-tax cash flow: $8,685/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Schenectady City School District
• NCES district ID: 3626010
• Math proficiency: 38% ▲ 12.00%
• Reading proficiency: 34% ▲ 2.00%
• Median HH income: $39,453
• Composite: 30.2/100
• National rank: #6309
• State rank: #556 of 590 in NY

Livability — Schenectady

• Score: 78/100
• State rank: #167
• US rank: #2597

Category grades

Amenities B- Commute A+ Cost of living A Crime F Employment D+ Housing A Health & safety A+ User ratings C

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Schenectady, NY
• City population: 141,369
• Population (ZIP): 22,027

Population outlook (Schenectady County) Hauer SSP2

• Today (2025): 155,046 people
• By 2030: 154,322 · -0.5%
• By 2040: 151,796 · -2.1%
• By 2050: 148,621 · -4.1%
• By 2075: 141,229 · -8.9%
• By 2100: 126,014 · -18.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: White 52% Black 17% Two or more races 13% Asian 10% Hispanic / Latino 9%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Dominican 2%
• Common ancestry: Lithuanian 6% Romanian 4% Iranian 1%
• Foreign-born: 16% · Canada, China, South Korea
• Languages at home: 89% English-only · Other Indo-European 5% Spanish 4% Other Asian/Pacific 1%

Political lean MEDSL · Schenectady

• 2024 margin: D (+10.8) · D 55.4% · R 44.6%
• 2008→2024 swing: -1.8pp toward R · 2008: 12.7pp · 2024: 10.8pp
• All cycles: 2024: D+10.8 2020: D+15.7 2016: D+5.8 2012: D+15.4 2008: D+12.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -113.18%
• Current HPI: 331.0288
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+0.0% since first listed

3 events — show timeline

• 2026-05-22 Listed $89,900 Global MLS
• 2026-05-21 Sold (MLS) — Global MLS
• 2026-05-11 Listed $89,900 Global MLS

Property tax history

+2.3%/yr

Latest (2025): $5,054 · -4.1% YoY. Source: county tax records.