401 E 4th StWatkins GlenNY14891
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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 Watkins Glen at 401 E 4th St, Watkins Glen, NY, 14891 listed at $289,000 pairs $2,700/mo rent with a $1,415/mo payment to leave $770/mo cash flow. Total monthly income runs $2,700/mo, and annual cash flow reaches $9,235/yr on $95,804 cash to close. Return on cash invested measures 29.55% in year one, and rental yield registers 11.21% at a $289,000 basis. Equity gained on principal adds $1,865/yr, and annual property appreciation at 5% supports $79,845 by year five. Five-year ROI tracks 155.2% and total cumulative return in cash totals $148,682. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,700/mo property income relative to a $1,415/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1963
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14891, Watkins Glen, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,287 (100%) |
| Owner Occupied HU | 1,275 (55.7%) |
| Renter Occupied HU | 654 (28.6%) |
| Vacant Housing Units | 358 (15.7%) |
| Median Home Value | $198,849 |
| Average Home Value | $236,996 |
Housing Distribution
Address Breakdown
Residential
2,058
Single Family
1,922
Multi-Family
136
Businesses
278
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Listed by: Shawna Lott • Franzese Real Estate
Mls Name: NYSAMLSs
Mls ID: #R1648164