188 Water StElizabethtownNY12932
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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 Elizabethtown at 188 Water St, Elizabethtown, NY, 12932 generates $2,646/mo in rent and, after a $1,395/mo payment, leaves $743/mo in cash flow. Total monthly income is $2,646/mo, and annual cash flow is $8,913/yr on $94,478 invested. Return on cash invested sits at 29.34% in year one, and rental yield is 11.14% on a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 154.08% and total cumulative return in cash sums $145,566. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,646/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12932, Elizabethtown, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 846 (100%) |
| Owner Occupied HU | 476 (56.3%) |
| Renter Occupied HU | 146 (17.3%) |
| Vacant Housing Units | 224 (26.5%) |
| Median Home Value | $240,385 |
| Average Home Value | $338,613 |
Housing Distribution
Address Breakdown
Residential
320
Single Family
308
Multi-Family
12
Businesses
78
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Listed by: John R Fee • Venture North Associates
Mls Name: ACVMLS
Mls ID: #205994