505 Paterson StOgdensburgNY13669
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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 Ogdensburg at 505 Paterson St, Ogdensburg, NY, 13669 with 5% annual appreciation on a $159,000 basis while $2,098/mo rent supports operations. Total monthly income totals $2,098/mo and a $778/mo payment preserves $1,036/mo for cash returns. Annual cash flow comes to $12,437/yr on $52,709 deployed, and return on cash invested reaches 43.51% in year one. Equity gained on principal adds $1,026/yr, and five-year appreciation sums $43,929 alongside rental yield of 15.83%. Five-year ROI measures 230.06% and total cumulative return in cash totals $121,260.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,098/mo property income versus a $778/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1870
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13669, Ogdensburg, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,263 (100%) |
| Owner Occupied HU | 4,105 (56.5%) |
| Renter Occupied HU | 1,836 (25.3%) |
| Vacant Housing Units | 1,322 (18.2%) |
| Median Home Value | $135,956 |
| Average Home Value | $179,663 |
Housing Distribution
Address Breakdown
Residential
6,081
Single Family
5,723
Multi-Family
358
Businesses
464
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Listed by: Jeffrey Spriggs • Blue Heron Realty
Mls Name: SLCMLS
Mls Provider:
Mls ID: #50024
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.