26 Linden St · Schenectady, NY 12304

$300,000

5 bd · 2.0 ba · 1,866 sqft · SingleFamily public records · 2 Days on market

Built 1910 5,227 sqft lot Est $285k · 5% over

---

Why this score? — see what drove the C- 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 +22.5/30.0
• DSCR +7.2/10.0
• 1% rule +5.9/10.0
• ARV discount +5.2/15.0
• 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 MLS

Here's the home for you if space is what you need! There are 4 large bedrooms with a full walk-up attic for even more potential living space. The rear deck is partially covered. This allows you to enjoy the nice weather with guests. The vegetable garden has already been established. The only thing you need to do is bring your ideas to make this house your new home! Good Condition

Key facts

• Marble flooring
• Renovated bathrooms
• Updated kitchen

Tags

• UPDATED KITCHEN
• GRANITE COUNTERTOPS
• MARBLE FLOORING
• HARDWOOD FLOORS
• RENOVATED BATHROOMS
• MARBLE FINISHES

Property features AI

Exterior

• Parking: Attached garage plus driveway; 1 garage space (1 total parking space)
• Utilities: Public water; Public sewer
• Home design: Single family residence; Full basement
• Construction: Vinyl siding; Block foundation; Built prior to or around listed living area of 1,866 (year built not provided)
• Exterior features: Asphalt roof; Wood fencing

Interior

• Kitchen: Range and refrigerator included
• Bedrooms: Four bedrooms located on the second floor
• Flooring: Hardwood flooring; Marble flooring
• Bathrooms: Two full bathrooms (one on the first floor, one on the second floor)
• Heating & cooling: Natural gas heating
• Interior features: 8 total rooms; Appliances included: Dryer, Range, Refrigerator, Washer
• Laundry & utility: Washer and dryer in the basement

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $300k.

Deal economics

• At list price, monthly cash flow is $505 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $300k).
• Cap rate 8.3% 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: 106 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 $2k of loan paydown is wiped out by about $9k 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.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 21y ago 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.
• Current owner paid $150k; list at $300k implies a 100% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $300,000

Questions for the listing agent

1. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.09% ✓
• Cap rate: 8.31%
• Cash-on-cash: 7.21%
• DSCR: 1.32
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $285,498
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
35 James St	0.17mi	5/2.5	1,920 (+3%)	5mo	$312,000	$163	81
122 Haigh Ave	0.21mi	4/1.5 (-1)	1,748 (-6%)	2mo	$247,000	$141	71
130 Furman St	0.28mi	5/3.0	1,890 (+1%)	14mo	$290,000	$153	70
209 Elmer Ave	0.64mi	5/1.5	1,900 (+2%)	2mo	$350,000	$184	63
27 Robinson St	0.07mi	4/2.0 (-1)	1,590 (-15%)	8mo	$35,000	$22	60
51 Haigh Ave	0.13mi	4/2.0 (-1)	1,644 (-12%)	13mo	$272,000	$165	58
1750 Hamburg St	0.50mi	4/2.0 (-1)	1,695 (-9%)	1mo	$329,000	$194	56
333 N Brandywine Ave	0.51mi	4/2.0 (-1)	1,677 (-10%)	5mo	$233,000	$139	50
32 Mount Stuart Rd	0.62mi	4/1.5 (-1)	1,664 (-11%)	5mo	$165,000	$99	41
32 Eagle St	0.72mi	4/1.5 (-1)	1,683 (-10%)	3mo	$265,000	$157	40
6 Alvey St	0.69mi	4/2.5 (-1)	2,000 (+7%)	10mo	$300,000	$150	40
630 Rankin Ave	0.70mi	4/3.0 (-1)	2,048 (+10%)	7mo	$299,990	$146	36

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: -5.2%
• Equity multiple: 0.80×
• Total profit: $-16,411
• Equity at exit: $44,731

10-year hold

• IRR: 4.4%
• Equity multiple: 1.33×
• Total profit: $27,336
• Equity at exit: $25,939

Cash invested: $84,000 (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: 106
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $3,281 medium
• Mortgage (P&I): −$1,573
• Tax from tax record: −$389 /mo · $4,666/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$689
• Net cashflow: $505

Break-even live

Break-even rent $2,642

Max offer price $300,000

Occupancy floor 80%

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: $75,000
• Closing costs: $9,000
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1347 Union St Schenectady, NY	4.0	1.5	2188	$3,750	$1.71	43d	1	0.91mi
1346 10th Ave Schenectady, NY	4.0	2.0	2350	$2,499	$1.06	14d	1	1.41mi

Listing history 3 events

1. 2026-06-18
   days on market $300,000 Active 2 DOM
2. 2026-06-17
   remarks 695-char remark
3. 2026-06-17
   listed $300,000 Active 1 DOM

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

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $4,666 · $389/mo
• Projected year-2 tax: $4,868 · $406/mo
• Expected delta: +$202/yr (+$17/mo · 4.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥95°F today · 16 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% 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: $39,368
• − Mortgage interest: −$16,805
• − Property taxes: −$4,666
• − Insurance: −$1,500
• − Repairs & maintenance: −$3,149
• − Management: −$3,149
• − Depreciation: −$8,727
• Taxable income: $1,372
• Est. tax owed @ 24.0%: −$329
• After-tax cash flow: $5,727/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

+329.2% since first listed

13 events — show timeline

• 2026-06-15 Listed $300,000 Global MLS
• 2021-09-10 Sold (Public Records) $150,000 Public Records
• 2021-08-24 Sold (MLS) $150,000 Global MLS
• 2021-07-19 Pending — Global MLS
• 2021-06-29 Listed $175,000 Global MLS
• 2006-04-26 Sold (Public Records) $89,900 Public Records
• 2006-04-03 Sold (MLS) $89,900 Global MLS
• 2006-01-19 Listing Removed — Global MLS
• 2005-12-19 Listed $89,900 Global MLS
• 2005-10-31 Sold (Public Records) $62,000 Public Records
• 2005-10-21 Sold (MLS) $62,000 Global MLS
• 2005-07-25 Listing Removed — Global MLS
• 2005-05-22 Listed $69,900 Global MLS

Property tax history

+1.7%/yr

Latest (2025): $4,666 · +2.4% YoY. Source: county tax records.