140 E Main StWatertownNY13601
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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 Watertown at 140 E Main St, Watertown, NY, 13601 priced at $179,900 pairs $1,556/mo rent with $354/mo cash flow after a $881/mo payment. Total monthly income equals $1,556/mo, and annual cash flow comes to $4,250/yr on $59,637 invested. Return on cash invested is 27.04% in year one, and rental yield stands at 10.38% on a $179,900 basis. Equity gained on principal adds $1,161/yr, and 5% annual appreciation accumulates to $49,703 by year five. Five-year ROI measures 141.77% and total cumulative return in cash reaches $84,549. For financing, Ziffy Mortgage’s DSCR program evaluates $1,556/mo property income against a $881/mo payment instead of your W2s, 1099s, or Tax returns.
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
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