116 George StHerkimerNY13350
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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 116 George St, Herkimer, NY, 13350 with 5% annual appreciation on a $120,000 basis while $1,475/mo rent supports operations. Total monthly income totals $1,475/mo and a $587/mo payment preserves $674/mo for cash returns. Annual cash flow comes to $8,088/yr on $39,780 deployed, and return on cash invested reaches 40.24% in year one. Equity gained on principal adds $774/yr, and five-year appreciation sums $33,154 alongside rental yield of 14.75%. Five-year ROI measures 212.51% and total cumulative return in cash totals $84,535.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,475/mo property income versus a $587/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1905
2,720 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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Listed by: Delbert Ball • Keller-Williams Mohawk Valley
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1594225
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