508 E Main StOwegoNY13827
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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
Rental property for sale in Owego at 508 E Main St, Owego, NY, 13827 generates $1,309/mo in rent and, after a $631/mo payment, leaves $448/mo in cash flow. Total monthly income is $1,309/mo, and annual cash flow is $5,375/yr on $42,764 invested. Return on cash invested sits at 32.48% in year one, and rental yield is 12.18% on a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 170.87% and total cumulative return in cash sums $73,069. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,309/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13827, Owego, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,360 (100%) |
| Owner Occupied HU | 3,381 (63.1%) |
| Renter Occupied HU | 1,480 (27.6%) |
| Vacant Housing Units | 499 ( 9.3%) |
| Median Home Value | $172,375 |
| Average Home Value | $188,393 |
Housing Distribution
Address Breakdown
Residential
4,983
Single Family
4,745
Multi-Family
238
Businesses
455
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