103 Fairway DrNew HartfordNY13413
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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 New Hartford at 103 Fairway Dr, New Hartford, NY, 13413 uses $67,958 cash to close to unlock $6,101/yr annual cash flow and $508/mo monthly cash flow. Total monthly income runs $1,877/mo, and a $1,003/mo payment keeps the spread at $508/mo. Purchase price stands at $205,000, and rental yield measures 10.99% with $1,877/mo rent. Return on cash invested shows 28.89% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 151.67% and total cumulative return in cash records $103,074. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,877/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Single Family
Built in 1958
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13413, New Hartford, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,382 (100%) |
| Owner Occupied HU | 4,980 (67.5%) |
| Renter Occupied HU | 1,892 (25.6%) |
| Vacant Housing Units | 510 ( 6.9%) |
| Median Home Value | $243,226 |
| Average Home Value | $280,456 |
Housing Distribution
Address Breakdown
Residential
6,789
Single Family
5,738
Multi-Family
1,051
Businesses
897
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Listed by: Joelle Sebastian-Dean • Coldwell Banker Faith Properties
Mls Name: NYSAMLSs
Mls ID: #S1647591