7 Water StAndoverNY14806
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 Andover at 7 Water St, Andover, NY, 14806 offers $2,306/mo rent that, after a $582/mo payment, leaves $1,512/mo cash flow. Total monthly income is $2,306/mo, and annual cash flow is $18,141/yr on $39,449 cash. Return on cash invested measures 65.9% in year one, and rental yield stands at 23.25% at a $119,000 entry. Equity gained on principal adds $768/yr while 5% annual appreciation compounds into $32,878 by year five. Five-year ROI records 350.11% and total cumulative return in cash reaches $138,113. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,306/mo property income versus a $582/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14806, Andover, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,025 (100%) |
| Owner Occupied HU | 656 (64.0%) |
| Renter Occupied HU | 137 (13.4%) |
| Vacant Housing Units | 232 (22.6%) |
| Median Home Value | $107,667 |
| Average Home Value | $154,196 |
Housing Distribution
Address Breakdown
Residential
557
Single Family
548
Multi-Family
9
Businesses
44
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