2 Gateshead RdNew 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 2 Gateshead Rd, New Hartford, NY, 13413 earns $555/mo cash flow from $3,091/mo rent with a $1,859/mo payment. Total monthly income totals $3,091/mo, and annual cash flow totals $6,654/yr on $125,937 capital. ROI tracks 25.19% on current figures, and rental yield reads 9.76% at a $379,900 purchase. Equity gained on principal adds $2,451/yr, and 5% annual appreciation supports $104,959 over five years. Five-year ROI reaches 131.82% and total cumulative return in cash sums $166,013. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,091/mo property income instead of your personal income.
Single Family
Built in 1965
0.36 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: Kristopher P. Joseph • Hunt Real Estate ERA
Mls Name: NYSAMLSs
Mls ID: #S1644631