16 Broad StreetWaterfordNY12188
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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 Waterford at 16 Broad Street, Waterford, NY, 12188 priced at $199,900 converts $2,410/mo rent into $1,076/mo cash flow after a $978/mo obligation. Total monthly income equals $2,410/mo, and annual cash flow totals $12,906/yr on $66,267 invested. Return on cash invested prints 39.38% in year one, and rental yield reads 14.47% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 207.96% and total cumulative return in cash sums $137,809. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,410/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1860
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12188, Waterford, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,268 (100%) |
| Owner Occupied HU | 3,106 (59.0%) |
| Renter Occupied HU | 1,772 (33.6%) |
| Vacant Housing Units | 390 ( 7.4%) |
| Median Home Value | $357,692 |
| Average Home Value | $420,285 |
Housing Distribution
Address Breakdown
Residential
4,915
Single Family
4,644
Multi-Family
271
Businesses
199
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