2631 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
Rental property for sale in Watkins Glen at 2631 County Road 16, Watkins Glen, NY, 14891 generates $2,755/mo in rent, after a $2,203/mo payment. Total monthly income is $2,755/mo. Return on cash invested sits at 17.89% in year one, and rental yield is 7.35% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 92.68% and total cumulative return in cash sums $138,258. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,755/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
2 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: Joseph David Iles • Keller Williams Realty Southern Tier & Finger Lakes
Mls Name: NYSAMLSs
Mls ID: #R1658839