2308 River RdPotsdamNY13676
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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 Potsdam at 2308 River Rd, Potsdam, NY, 13676 offers a 9.41% rental yield on a $189,000 purchase with $1,482/mo rent. Total monthly income registers $1,482/mo, and a $925/mo payment leaves $220/mo available for distribution. Annual cash flow reaches $2,639/yr on $62,654 to close, and return on cash invested stands at 24.12% in year one. Equity gained on principal adds $1,220/yr while 5% annual appreciation supports $52,217 over five years. Portfolio math shows five-year ROI at 126.08% and total cumulative return in cash at $78,994. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,482/mo property income against a $925/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1989
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13676, Potsdam, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,259 (100%) |
| Owner Occupied HU | 3,034 (48.5%) |
| Renter Occupied HU | 2,160 (34.5%) |
| Vacant Housing Units | 1,065 (17.0%) |
| Median Home Value | $178,296 |
| Average Home Value | $236,232 |
Housing Distribution
Address Breakdown
Residential
5,287
Single Family
4,635
Multi-Family
652
Businesses
513
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Listed by: Lucille Kassian • Kassian Real Estate, LLC
Mls Name: SLCMLS
Mls Provider:
Mls ID: #51659
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.