109-111 Green StreetHerkimerNY13350
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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 Herkimer at 109-111 Green Street, Herkimer, NY, 13350 uses $41,272 cash to close to unlock $21,156/yr annual cash flow and $1,763/mo monthly cash flow. Total monthly income runs $2,594/mo, and a $609/mo payment keeps the spread at $1,763/mo. Purchase price stands at $124,500, and rental yield measures 25% with $2,594/mo rent. Return on cash invested shows 71.17% in year one, and 5% annual appreciation builds toward $34,397 over five years. Five-year ROI reaches 378.37% and total cumulative return in cash records $156,160. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,594/mo property income covering a $609/mo payment rather than investor’s personal income.
Single Family
Built in 1919
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13350, Herkimer, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,689 (100%) |
| Owner Occupied HU | 2,359 (50.3%) |
| Renter Occupied HU | 1,703 (36.3%) |
| Vacant Housing Units | 627 (13.4%) |
| Median Home Value | $147,457 |
| Average Home Value | $196,124 |
Housing Distribution
Address Breakdown
Residential
4,027
Single Family
3,385
Multi-Family
642
Businesses
373
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