2036 Waits RdOwegoNY13827
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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 Owego at 2036 Waits Rd, Owego, NY, 13827 generates $1,584/mo in rent and, after a $1,150/mo payment, leaves $15/mo in cash flow. Total monthly income is $1,584/mo, and annual cash flow is $181/yr on $77,869 invested. Return on cash invested sits at 20.14% in year one, and rental yield is 8.09% on a $234,900 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 104.79% and total cumulative return in cash sums $81,597. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,584/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13827, Owego, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,360 (100%) |
| Owner Occupied HU | 3,381 (63.1%) |
| Renter Occupied HU | 1,480 (27.6%) |
| Vacant Housing Units | 499 ( 9.3%) |
| Median Home Value | $172,375 |
| Average Home Value | $188,393 |
Housing Distribution
Address Breakdown
Residential
4,983
Single Family
4,745
Multi-Family
238
Businesses
455
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