621 3rd AvenueWatervlietNY12189
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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 Watervliet at 621 3rd Avenue, Watervliet, NY, 12189 generates $1,272/mo in rent, after a $2,203/mo payment. Total monthly income is $1,272/mo. Return on cash invested sits at 5.96% in year one, and rental yield is 3.39% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 28.72% and total cumulative return in cash sums $42,846. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,272/mo property income rather than buyer’s personal income.
Multi Family
Built in 1960
5,227 sqft 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: Nate Monson • Miuccio Real Estate Group
Mls Name: Global MLS
Mls Provider:
Mls ID: #202423305
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. Judy Moriarty, Zillow, Inc., Corp. Broker