40 Sterling StGouverneurNY13642
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
Investment Highlights
Rental property for sale in Gouverneur at 40 Sterling St, Gouverneur, NY, 13642 priced at $110,000 converts $2,074/mo rent into $1,340/mo cash flow after a $538/mo obligation. Total monthly income equals $2,074/mo, and annual cash flow totals $16,078/yr on $36,465 invested. Return on cash invested prints 64% in year one, and rental yield reads 22.63% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 339.94% and total cumulative return in cash sums $123,960. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,074/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1860
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13642, Gouverneur, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,245 (100%) |
| Owner Occupied HU | 2,357 (55.5%) |
| Renter Occupied HU | 1,202 (28.3%) |
| Vacant Housing Units | 686 (16.2%) |
| Median Home Value | $154,694 |
| Average Home Value | $212,636 |
Housing Distribution
Address Breakdown
Residential
3,604
Single Family
3,356
Multi-Family
248
Businesses
242
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rick D. Cutway • T.L.C. Real Estate, LLC
Mls Name: SLCMLS
Mls ID: #51737