371 Putnam StWatervilleNY13480
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 371 Putnam St, Waterville, NY, 13480 in Waterville fits: $219,900, 5.73% gross yield, and a projected 5% annual appreciation rate adding $60,754 in value within five years. Rental yield 5.73%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (1.06) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $2,025/yr in principal paydown and $60,754 in appreciation project a total return of $56,921.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 5.7% | 6.2% |
| Monthly Cash Flow | $(418) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,050 |
| Total Monthly Debt Service | $1,381 |
| DSCR Ratio | 0.76x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark Butler • Coldwell Banker Faith Properties
Mls Name: NYSAMLSs
Mls ID: #S1652884