31 2nd StreetWaterfordNY12188
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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 Waterford at 31 2nd Street, Waterford, NY, 12188 priced at $299,900 converts $2,309/mo rent into $306/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,309/mo, and annual cash flow totals $3,674/yr on $99,417 invested. Return on cash invested prints 23.6% in year one, and rental yield reads 9.24% against a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation compiles into $82,857 by year five. Five-year ROI reaches 123.34% and total cumulative return in cash sums $122,620. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,309/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Multi Family
Built in 1875
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12188, Waterford, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,268 (100%) |
| Owner Occupied HU | 3,106 (59.0%) |
| Renter Occupied HU | 1,772 (33.6%) |
| Vacant Housing Units | 390 ( 7.4%) |
| Median Home Value | $357,692 |
| Average Home Value | $420,285 |
Housing Distribution
Address Breakdown
Residential
4,915
Single Family
4,644
Multi-Family
271
Businesses
199
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Listed by: Scott Frahm • McCurdy Real Estate Group, Inc
Mls Name: Global MLS
Mls Provider:
Mls ID: #202513348
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. Judy Moriarty, Zillow, Inc., Corp. Broker