616 23RD StreetWatervlietNY12189
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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 Watervliet at 616 23RD Street, Watervliet, NY, 12189 listed at $305,000 pairs $2,203/mo rent with a $1,493/mo payment to leave $166/mo cash flow. Total monthly income runs $2,203/mo, and annual cash flow reaches $1,993/yr on $101,108 cash to close. Return on cash invested measures 21.88% in year one, and rental yield registers 8.67% at a $305,000 basis. Equity gained on principal adds $1,968/yr, and annual property appreciation at 5% supports $84,266 by year five. Five-year ROI tracks 114.1% and total cumulative return in cash totals $115,366. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,203/mo property income relative to a $1,493/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1900
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12189, Watervliet, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,790 (100%) |
| Owner Occupied HU | 3,430 (35.0%) |
| Renter Occupied HU | 5,471 (55.9%) |
| Vacant Housing Units | 889 ( 9.1%) |
| Median Home Value | $277,740 |
| Average Home Value | $341,647 |
Housing Distribution
Address Breakdown
Residential
8,859
Single Family
6,838
Multi-Family
2,021
Businesses
330
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Listed by: Joseph Guice • Howard Hanna Capital Inc
Mls Name: Global MLS
Mls ID: #202518686