7 Museum LaneWaterfordNY12188
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
Rental property for sale in Waterford at 7 Museum Lane, Waterford, NY, 12188 offers $1,697/mo rent that, after a $832/mo payment, leaves $562/mo cash flow. Total monthly income is $1,697/mo, and annual cash flow is $6,744/yr on $56,322 cash. Return on cash invested measures 31.88% in year one, and rental yield stands at 11.99% at a $169,900 entry. Equity gained on principal adds $1,096/yr while 5% annual appreciation compounds into $46,940 by year five. Five-year ROI records 167.77% and total cumulative return in cash reaches $94,490. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,697/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1930
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12188, Waterford, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,268 (100%) |
| Owner Occupied HU | 3,106 (59.0%) |
| Renter Occupied HU | 1,772 (33.6%) |
| Vacant Housing Units | 390 ( 7.4%) |
| Median Home Value | $357,692 |
| Average Home Value | $420,285 |
Housing Distribution
Address Breakdown
Residential
4,915
Single Family
4,644
Multi-Family
271
Businesses
199
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Nearby investment properties with comparable prices
Listed by: Lisa Williams • Renovo Real Estate
Mls Name: Global MLS
Mls Provider:
Mls ID: #202514492
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