231 Palmer St, Watertown, NY 13601

3 bd · 1 ba · 1,260 sqft · built 1910 · Watertown · SINGLE_FAMILY·source listing ↗

$45,900

rent, three ways

OnePercent model (vv1)$1,493/mo

p10–p90 confidence band

HUD Fair Market Rent · 13601 · 3BR

$1,750/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Jefferson

Flood risk indexRelatively Low FEMA NRI

Median household income$58,791

Median area rent$1,011/mo

Median home value$172,600

the verdict

3.25%vs 1.0% target

financing: 20% down · — (FRED, live) · 30yr

$45,900

3.25% · rent $1,493

Intrinsic value · income approach

$172,220

73% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.