7 Water StAndoverNY14806
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 7 Water St, Andover, NY, 14806 in Andover deserves attention. This $119,000 property earns $2,306/mo in rent, a 23.26% gross yield, and nets $1,512/mo after the $535/mo payment. DSCR 4.31 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $32,878 compounds alongside $1,096/yr in yearly equity build, for a total cumulative return of $142,649.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 23.3% | 6.2% |
| Monthly Cash Flow | $1,512 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,306 |
| Total Monthly Debt Service | $747 |
| DSCR Ratio | 3.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices