22 Canterbury RdNew HartfordNY13413
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Nearby investment properties with comparable prices
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 22 Canterbury Rd, New Hartford, NY, 13413 priced at $507,500 converts $4,200/mo rent into $811/mo cash flow after a $2,484/mo obligation. Total monthly income equals $4,200/mo, and annual cash flow totals $9,732/yr on $166,968 invested. Return on cash invested prints 25.89% in year one, and rental yield reads 9.93% against a $507,500 entry. Equity gained on principal adds $3,275/yr, while 5% annual appreciation compiles into $140,213 by year five. Five-year ROI reaches 135.52% and total cumulative return in cash sums $226,270. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,200/mo property income covering a $2,484/mo payment, not borrower’s personal income.
Single Family
Built in 1962
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: John C. Brown • Coldwell Banker Faith Properties
Mls Name: NYSAMLSs
Mls ID: #S1633915