2 Longfellow 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
Rental property for sale in New Hartford at 2 Longfellow Dr, New Hartford, NY, 13413 priced at $329,900 converts $2,327/mo rent into $124/mo cash flow after a $1,615/mo obligation. Total monthly income equals $2,327/mo, and annual cash flow totals $1,484/yr on $109,362 invested. Return on cash invested prints 21.27% in year one, and rental yield reads 8.46% against a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,145 by year five. Five-year ROI reaches 110.76% and total cumulative return in cash sums $121,131. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,327/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Single Family
Built in 1910
0.61 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: John C. Brown • Coldwell Banker Faith Properties
Mls Name: NYSAMLSs
Mls ID: #S1629223