623 Washington 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
Rental property for sale in Ogdensburg at 623 Washington St, Ogdensburg, NY, 13669 priced at $114,900 converts $1,902/mo rent into $1,135/mo cash flow after a $562/mo obligation. Total monthly income equals $1,902/mo, and annual cash flow totals $13,621/yr on $38,089 invested. Return on cash invested prints 55.67% in year one, and rental yield reads 19.86% against a $114,900 entry. Equity gained on principal adds $741/yr, while 5% annual appreciation compiles into $31,745 by year five. Five-year ROI reaches 295.39% and total cumulative return in cash sums $112,514. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,902/mo property income covering a $562/mo payment, not borrower’s personal income.
Single Family
Built in 1860
3,484 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: Erin E Meyer • Meyer Real Estate LLC
Mls Name: SLCMLS
Mls Provider:
Mls ID: #50295
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.