241 W Main StWatertownNY13601
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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 Watertown at 241 W Main St, Watertown, NY, 13601 earns $299/mo cash flow from $1,264/mo rent with a $707/mo payment. Total monthly income totals $1,264/mo, and annual cash flow totals $3,592/yr on $47,902 capital. ROI tracks 27.41% on current figures, and rental yield reads 10.5% at a $144,500 purchase. Equity gained on principal adds $932/yr, and 5% annual appreciation supports $39,923 over five years. Five-year ROI reaches 143.73% and total cumulative return in cash sums $68,851. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,264/mo property income instead of your personal income.
Single Family
Built in 1865
4,129 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13601, Watertown, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,993 (100%) |
| Owner Occupied HU | 7,779 (41.0%) |
| Renter Occupied HU | 8,504 (44.8%) |
| Vacant Housing Units | 2,710 (14.3%) |
| Median Home Value | $191,189 |
| Average Home Value | $265,795 |
Housing Distribution
Address Breakdown
Residential
16,916
Single Family
14,584
Multi-Family
2,332
Businesses
1,707
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