371 Putnam StWatervilleNY13480
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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 Waterville at 371 Putnam St, Waterville, NY, 13480 listed at $239,900 pairs $1,050/mo rent with a $1,174/mo payment. Total monthly income runs $1,050/mo. Return on cash invested measures 11.58% in year one, and rental yield registers 5.25% at a $239,900 basis. Equity gained on principal adds $1,548/yr, and annual property appreciation at 5% supports $66,280 by year five. Five-year ROI tracks 58.89% and total cumulative return in cash totals $46,831. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,050/mo property income relative to a $1,174/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1881
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13480, Waterville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,551 (100%) |
| Owner Occupied HU | 1,004 (64.7%) |
| Renter Occupied HU | 402 (25.9%) |
| Vacant Housing Units | 145 ( 9.3%) |
| Median Home Value | $220,946 |
| Average Home Value | $258,708 |
Housing Distribution
Address Breakdown
Residential
1,328
Single Family
1,225
Multi-Family
103
Businesses
95
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Listed by: Mark Butler • Coldwell Banker Faith Properties
Mls Name: NYSAMLSs
Mls ID: #S1652884