Based on recent comp data, the 3-bed, 1-bath single-family at 1022 New York Ave in Ogdensburg can command monthly rents between $1,200 and $1,350, aligning with local averages for similar homes. This suggests an annual gross revenue range of $14.4K to $16.2K. With a value around $62.7K, the estimated payback period (ignoring expenses) falls between 4 and 4.5 years—exceptionally strong for the region. The Ogdensburg market remains affordable but is seeing modest upward trends in both home values and rents, likely due to increased demand and limited new rental inventory. The home’s brick exterior and forced air heating are pluses for durability and tenant appeal, though lack of garage or modern updates may limit top-end rent. Being near schools and in a well-established neighborhood adds to its rental desirability.
To boost rental income and property value, consider minor kitchen and bath updates, fresh paint, and energy efficiency improvements. These affordable upgrades often yield higher rents and attract longer-term tenants, especially in a value-driven market like Ogdensburg. If contemplating a sale, market the property as a turnkey investment with strong rent-to-price ratios, solid construction, and proximity to schools—key features for investor buyers.