4604 WatergapManliusNY13104
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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 Manlius at 4604 Watergap, Manlius, NY, 13104 listed at $661,000 pairs $5,292/mo rent with a $3,235/mo payment to leave $703/mo cash flow. Total monthly income runs $5,292/mo, and annual cash flow reaches $8,439/yr on $217,469 cash to close. Return on cash invested measures 23.94% in year one, and rental yield registers 9.61% at a $661,000 basis. Equity gained on principal adds $4,265/yr, and annual property appreciation at 5% supports $182,622 by year five. Five-year ROI tracks 125.44% and total cumulative return in cash totals $272,783. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,292/mo property income relative to a $3,235/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1984
1.10 Acres lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13104, Manlius, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,759 (100%) |
| Owner Occupied HU | 5,039 (74.6%) |
| Renter Occupied HU | 1,377 (20.4%) |
| Vacant Housing Units | 343 ( 5.1%) |
| Median Home Value | $353,728 |
| Average Home Value | $397,645 |
Housing Distribution
Address Breakdown
Residential
6,478
Single Family
5,846
Multi-Family
632
Businesses
355
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