308 N Monroe 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 308 N Monroe St, Watkins Glen, NY, 14891 priced at $309,900 pairs $2,700/mo rent with $630/mo cash flow after a $1,517/mo payment. Total monthly income equals $2,700/mo, and annual cash flow comes to $7,564/yr on $102,732 invested. Return on cash invested is 27.27% in year one, and rental yield stands at 10.45% on a $309,900 basis. Equity gained on principal adds $2,000/yr, and 5% annual appreciation accumulates to $85,620 by year five. Five-year ROI measures 143% and total cumulative return in cash reaches $146,904. For financing, Ziffy Mortgage’s DSCR program evaluates $2,700/mo property income against a $1,517/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in N/A
8,712 sqft 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: Jennelle McMahon • Empire Realty Group - Bath
Mls Name: ECMLS
Mls Provider:
Mls ID: #276011
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.