17 Riveredge DrGouverneurNY13642
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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 Gouverneur at 17 Riveredge Dr, Gouverneur, NY, 13642 offers $1,958/mo rent that, after a $857/mo payment, leaves $789/mo cash flow. Total monthly income is $1,958/mo, and annual cash flow is $9,467/yr on $58,012 cash. Return on cash invested measures 36.23% in year one, and rental yield stands at 13.43% at a $174,999 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,349 by year five. Five-year ROI records 191% and total cumulative return in cash reaches $110,803. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,958/mo property income versus a $857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1998
2.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13642, Gouverneur, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,245 (100%) |
| Owner Occupied HU | 2,357 (55.5%) |
| Renter Occupied HU | 1,202 (28.3%) |
| Vacant Housing Units | 686 (16.2%) |
| Median Home Value | $154,694 |
| Average Home Value | $212,636 |
Housing Distribution
Address Breakdown
Residential
3,604
Single Family
3,356
Multi-Family
248
Businesses
242
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Listed by: Richard J Wood • RJ Wood Real Estate, LLC
Mls Name: SLCMLS
Mls Provider:
Mls ID: #49660
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.