131 Water St #A7Penn YanNY14527
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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 Penn Yan at 131 Water St #A7, Penn Yan, NY, 14527 offers $1,020/mo rent that, after a $2,055/mo payment. Total monthly income is $1,020/mo. Return on cash invested measures 4.53% in year one, and rental yield stands at 2.91% at a $419,900 entry. Equity gained on principal adds $2,710/yr while 5% annual appreciation compounds into $116,011 by year five. Five-year ROI records 21.04% and total cumulative return in cash reaches $29,292. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,020/mo property income versus a $2,055/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in N/A
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14527, Penn Yan, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,705 (100%) |
| Owner Occupied HU | 3,605 (53.8%) |
| Renter Occupied HU | 1,595 (23.8%) |
| Vacant Housing Units | 1,505 (22.4%) |
| Median Home Value | $226,502 |
| Average Home Value | $360,208 |
Housing Distribution
Address Breakdown
Residential
5,712
Single Family
5,491
Multi-Family
221
Businesses
452
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Listed by: Mark Moon • Howard Hanna Lake Group Hammondsport
Mls Name: ECMLS
Mls Provider:
Mls ID: #278025
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.