308 S Main StGrotonNY13073
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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 Groton at 308 S Main St, Groton, NY, 13073 with 5% annual appreciation on a $224,000 basis while $1,554/mo rent supports operations. Total monthly income totals $1,554/mo and a $1,096/mo payment preserves $59/mo for cash returns. Annual cash flow comes to $702/yr on $74,256 deployed, and return on cash invested reaches 20.85% in year one. Equity gained on principal adds $1,445/yr, and five-year appreciation sums $61,887 alongside rental yield of 8.33%. Five-year ROI measures 108.57% and total cumulative return in cash totals $80,623.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,554/mo property income versus a $1,096/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1890
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13073, Groton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,689 (100%) |
| Owner Occupied HU | 1,877 (69.8%) |
| Renter Occupied HU | 640 (23.8%) |
| Vacant Housing Units | 172 ( 6.4%) |
| Median Home Value | $173,950 |
| Average Home Value | $241,618 |
Housing Distribution
Address Breakdown
Residential
2,614
Single Family
2,526
Multi-Family
88
Businesses
102
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Listed by: Elizabeth Wood • Tompkins Cortland Real Estate
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1554321
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