18 Steele StMohawkNY13407
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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 Mohawk at 18 Steele St, Mohawk, NY, 13407 offers a 15.79% rental yield on a $143,900 purchase with $1,894/mo rent. Total monthly income registers $1,894/mo, and a $704/mo payment leaves $933/mo available for distribution. Annual cash flow reaches $11,201/yr on $47,703 to close, and return on cash invested stands at 43.39% in year one. Equity gained on principal adds $929/yr while 5% annual appreciation supports $39,757 over five years. Portfolio math shows five-year ROI at 229.44% and total cumulative return in cash at $109,451. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,894/mo property income against a $704/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13407, Mohawk, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,420 (100%) |
| Owner Occupied HU | 1,566 (64.7%) |
| Renter Occupied HU | 585 (24.2%) |
| Vacant Housing Units | 269 (11.1%) |
| Median Home Value | $163,484 |
| Average Home Value | $217,225 |
Housing Distribution
Address Breakdown
Residential
2,194
Single Family
2,153
Multi-Family
41
Businesses
113
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