311 Main StOwegoNY13827
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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 Owego at 311 Main St, Owego, NY, 13827 generates $2,411/mo in rent and, after a $1,258/mo payment, leaves $695/mo in cash flow. Total monthly income is $2,411/mo, and annual cash flow is $8,336/yr on $85,196 invested. Return on cash invested sits at 29.69% in year one, and rental yield is 11.26% on a $257,000 entry. Equity gained on principal adds $1,658/yr, while 5% annual appreciation builds toward $71,004 over five years. Five-year ROI reaches 155.97% and total cumulative return in cash sums $132,876. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,411/mo property income rather than buyer’s personal income.
Single Family
Built in 1838
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13827, Owego, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,360 (100%) |
| Owner Occupied HU | 3,381 (63.1%) |
| Renter Occupied HU | 1,480 (27.6%) |
| Vacant Housing Units | 499 ( 9.3%) |
| Median Home Value | $172,375 |
| Average Home Value | $188,393 |
Housing Distribution
Address Breakdown
Residential
4,983
Single Family
4,745
Multi-Family
238
Businesses
455
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Listed by: Jeri M. Sarrge • REALTY SOLUTIONS GROUP
Mls Name: GBMLS
Mls Provider:
Mls ID: #330852
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.