518 Main StWatertownNY13601
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
Investment property for sale in Watertown at 518 Main St, Watertown, NY, 13601 uses $41,106 cash to close to unlock $5,986/yr annual cash flow and $499/mo monthly cash flow. Total monthly income runs $1,327/mo, and a $607/mo payment keeps the spread at $499/mo. Purchase price stands at $124,000, and rental yield measures 12.84% with $1,327/mo rent. Return on cash invested shows 34.47% in year one, and 5% annual appreciation builds toward $34,259 over five years. Five-year ROI reaches 181.59% and total cumulative return in cash records $74,643. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,327/mo property income covering a $607/mo payment rather than investor’s personal income.
Single Family
Built in 1959
7,649 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13601, Watertown, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,993 (100%) |
| Owner Occupied HU | 7,779 (41.0%) |
| Renter Occupied HU | 8,504 (44.8%) |
| Vacant Housing Units | 2,710 (14.3%) |
| Median Home Value | $191,189 |
| Average Home Value | $265,795 |
Housing Distribution
Address Breakdown
Residential
16,916
Single Family
14,584
Multi-Family
2,332
Businesses
1,707
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices