140 E Main StWatertownNY13601
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 140 E Main St, Watertown, NY, 13601 in Watertown at $172,900 earns $1,205/mo in rent and nets $50/mo after the $777/mo payment, a 8.36% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $47,769 over five years. Ziffy Mortgage underwrites this on a 1.55 DSCR without U.S. credit history. With $1,592/yr in principal paydown, total projected return reaches $69,220.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.2% |
| Monthly Cash Flow | $50 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,205 |
| Total Monthly Debt Service | $1,086 |
| DSCR Ratio | 1.11x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1900
6,995 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13601, Watertown, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,993 (100%) |
| Owner Occupied HU | 7,779 (41.0%) |
| Renter Occupied HU | 8,504 (44.8%) |
| Vacant Housing Units | 2,710 (14.3%) |
| Median Home Value | $191,189 |
| Average Home Value | $265,795 |
Housing Distribution
Address Breakdown
Residential
16,916
Single Family
14,584
Multi-Family
2,332
Businesses
1,707
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1900
6,995 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13601, Watertown, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,993 (100%) |
| Owner Occupied HU | 7,779 (41.0%) |
| Renter Occupied HU | 8,504 (44.8%) |
| Vacant Housing Units | 2,710 (14.3%) |
| Median Home Value | $191,189 |
| Average Home Value | $265,795 |
Housing Distribution
Address Breakdown
Residential
16,916
Single Family
14,584
Multi-Family
2,332
Businesses
1,707
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices