388 E Main StWaterlooNY13165
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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 Waterloo at 388 E Main St, Waterloo, NY, 13165 uses $55,361 cash to close to unlock $9,470/yr annual cash flow and $789/mo monthly cash flow. Total monthly income runs $1,904/mo, and a $817/mo payment keeps the spread at $789/mo. Purchase price stands at $167,000, and rental yield measures 13.68% with $1,904/mo rent. Return on cash invested shows 37.02% in year one, and 5% annual appreciation builds toward $46,139 over five years. Five-year ROI reaches 195.31% and total cumulative return in cash records $108,123. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,904/mo property income covering a $817/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13165, Waterloo, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,911 (100%) |
| Owner Occupied HU | 3,072 (62.6%) |
| Renter Occupied HU | 1,333 (27.1%) |
| Vacant Housing Units | 506 (10.3%) |
| Median Home Value | $144,727 |
| Average Home Value | $204,023 |
Housing Distribution
Address Breakdown
Residential
4,362
Single Family
4,219
Multi-Family
143
Businesses
420
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