75 Salt Point RdWatkins GlenNY14891
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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 Watkins Glen at 75 Salt Point Rd, Watkins Glen, NY, 14891 priced at $899,000 converts $2,700/mo rent into after a $4,400/mo obligation. Total monthly income equals $2,700/mo. Return on cash invested prints 6.66% in year one, and rental yield reads 3.6% against a $899,000 entry. Equity gained on principal adds $5,801/yr, while 5% annual appreciation compiles into $248,377 by year five. Five-year ROI reaches 32.4% and total cumulative return in cash sums $95,818. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,700/mo property income covering a $4,400/mo payment, not borrower’s personal income.
Single Family
Built in 1880
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14891, Watkins Glen, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,287 (100%) |
| Owner Occupied HU | 1,275 (55.7%) |
| Renter Occupied HU | 654 (28.6%) |
| Vacant Housing Units | 358 (15.7%) |
| Median Home Value | $198,849 |
| Average Home Value | $236,996 |
Housing Distribution
Address Breakdown
Residential
2,058
Single Family
1,922
Multi-Family
136
Businesses
278
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Listed by: Brian Zerges • Finger Lakes Premier Prop.
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #R1536153
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