229 S Jackson StWatkins 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
Rental property for sale in Watkins Glen at 229 S Jackson St, Watkins Glen, NY, 14891 priced at $374,900 converts $2,700/mo rent into $196/mo cash flow after a $1,835/mo obligation. Total monthly income equals $2,700/mo, and annual cash flow totals $2,357/yr on $124,279 invested. Return on cash invested prints 21.81% in year one, and rental yield reads 8.64% against a $374,900 entry. Equity gained on principal adds $2,419/yr, while 5% annual appreciation compiles into $103,578 by year five. Five-year ROI reaches 113.67% and total cumulative return in cash sums $141,271. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,700/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.67 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: Nicole Haddad • Franzese Real Estate
Mls Name: ECMLS
Mls Provider:
Mls ID: #274465
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.