285 W Main StGouverneurNY13642
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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 Gouverneur at 285 W Main St, Gouverneur, NY, 13642 priced at $115,000 converts $904/mo rent into $136/mo cash flow after a $563/mo obligation. Total monthly income equals $904/mo, and annual cash flow totals $1,631/yr on $38,123 invested. Return on cash invested prints 24.19% in year one, and rental yield reads 9.43% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 126.41% and total cumulative return in cash sums $48,189. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $904/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1920
5,450 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13642, Gouverneur, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,245 (100%) |
| Owner Occupied HU | 2,357 (55.5%) |
| Renter Occupied HU | 1,202 (28.3%) |
| Vacant Housing Units | 686 (16.2%) |
| Median Home Value | $154,694 |
| Average Home Value | $212,636 |
Housing Distribution
Address Breakdown
Residential
3,604
Single Family
3,356
Multi-Family
248
Businesses
242
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Listed by: Penny L. Bogardus • Lacy Realty, LLC
Mls Name: SLCMLS
Mls ID: #52184