2099 County Road 16Watkins GlenNY14891
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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
Investment property for sale in Watkins Glen at 2099 County Road 16, Watkins Glen, NY, 14891 uses $49,394 cash to close to unlock $41,391/yr annual cash flow and $3,449/mo monthly cash flow. Total monthly income runs $4,444/mo, and a $729/mo payment keeps the spread at $3,449/mo. Purchase price stands at $149,000, and rental yield measures 35.79% with $4,444/mo rent. Return on cash invested shows 103.71% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 552.96% and total cumulative return in cash records $273,124. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,444/mo property income covering a $729/mo payment rather than investor’s personal income.
Single Family
Built in N/A
3.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14891, Watkins Glen, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,287 (100%) |
| Owner Occupied HU | 1,275 (55.7%) |
| Renter Occupied HU | 654 (28.6%) |
| Vacant Housing Units | 358 (15.7%) |
| Median Home Value | $198,849 |
| Average Home Value | $236,996 |
Housing Distribution
Address Breakdown
Residential
2,058
Single Family
1,922
Multi-Family
136
Businesses
278
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Listed by: Emily Benazzi • VORO LLC
Mls Name: My State MLS
Mls ID: #11290014