216 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 216 Water St, Elizabethtown, NY, 12932 offers $3,168/mo rent that, after a $1,689/mo payment, leaves $864/mo cash flow. Total monthly income is $3,168/mo, and annual cash flow is $10,365/yr on $114,368 cash. Return on cash invested measures 28.97% in year one, and rental yield stands at 11.02% at a $345,000 entry. Equity gained on principal adds $2,226/yr while 5% annual appreciation compounds into $95,317 by year five. Five-year ROI records 152.08% and total cumulative return in cash reaches $173,932. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,168/mo property income versus a $1,689/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1880
1.08 Acres 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: Liza Bedard • Century 21 The One
Mls Name: ACVMLS
Mls Provider:
Mls ID: #200856
Disclaimer: Listing data courtesy of the Internet Data Exchange (IDX) Program of the Adirondack Champlain Valley Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information deemed reliable but not guaranteed.