748 County Route 24GouverneurNY13642
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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
Investment property for sale in Gouverneur at 748 County Route 24, Gouverneur, NY, 13642 offers a 9.6% rental yield on a $120,000 purchase with $960/mo rent. Total monthly income registers $960/mo, and a $587/mo payment leaves $159/mo available for distribution. Annual cash flow reaches $1,908/yr on $39,780 to close, and return on cash invested stands at 24.71% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,154 over five years. Portfolio math shows five-year ROI at 129.19% and total cumulative return in cash at $51,391. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $960/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1940
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13642, Gouverneur, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,245 (100%) |
| Owner Occupied HU | 2,357 (55.5%) |
| Renter Occupied HU | 1,202 (28.3%) |
| Vacant Housing Units | 686 (16.2%) |
| Median Home Value | $154,694 |
| Average Home Value | $212,636 |
Housing Distribution
Address Breakdown
Residential
3,604
Single Family
3,356
Multi-Family
248
Businesses
242
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Listed by: Nicholas Sterling • T.L.C. Real Estate, LLC
Mls Name: SLCMLS
Mls Provider:
Mls ID: #51280
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.