309 9th 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
Investment property for sale in Watkins Glen at 309 9th St, Watkins Glen, NY, 14891 offers a 21.74% rental yield on a $149,000 purchase with $2,700/mo rent. Total monthly income registers $2,700/mo, and a $729/mo payment leaves $1,705/mo available for distribution. Annual cash flow reaches $20,463/yr on $49,394 to close, and return on cash invested stands at 61.34% in year one. Equity gained on principal adds $961/yr while 5% annual appreciation supports $41,166 over five years. Portfolio math shows five-year ROI at 325.73% and total cumulative return in cash at $160,888. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,700/mo property income against a $729/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
4,791 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: Shawna Lott • Franzese Real Estate
Mls Name: NYSAMLSs
Mls ID: #R1639170