15 Water StWorcesterNY12197
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
Investment Highlights
Investment property for sale in Worcester at 15 Water St, Worcester, NY, 12197 at $221,000 posts ROI 43.26% with $1,426/mo cash flow from $2,902/mo rent. Total monthly income equals $2,902/mo, and annual cash flow records $17,111/yr on $73,262 to close. Return on cash invested measures 43.26% and rental yield reads 15.76% at the current $221,000. Equity gained on principal adds $1,426/yr, and 5% annual appreciation supports $61,058 by year five. Five-year ROI prints 228.73% and total cumulative return in cash totals $167,569.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,902/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1920
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12197, Worcester, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,384 (100%) |
| Owner Occupied HU | 796 (57.5%) |
| Renter Occupied HU | 158 (11.4%) |
| Vacant Housing Units | 430 (31.1%) |
| Median Home Value | $177,686 |
| Average Home Value | $223,257 |
Housing Distribution
Address Breakdown
Residential
856
Single Family
856
Multi-Family
0
Businesses
52
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Nearby investment properties with comparable prices
Listed by: Stacey L. Camilleri • Keller Williams Upstate NY Properties
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1613479
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