2227 State Highway 3HarrisvilleNY13648
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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 Harrisville at 2227 State Highway 3, Harrisville, NY, 13648 generates $1,474/mo in rent and, after a $930/mo payment, leaves $205/mo in cash flow. Total monthly income is $1,474/mo, and annual cash flow is $2,462/yr on $62,985 invested. Return on cash invested sits at 23.82% in year one, and rental yield is 9.31% on a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 124.51% and total cumulative return in cash sums $78,420. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,474/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
24.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13648, Harrisville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,791 (100%) |
| Owner Occupied HU | 795 (44.4%) |
| Renter Occupied HU | 178 ( 9.9%) |
| Vacant Housing Units | 818 (45.7%) |
| Median Home Value | $170,032 |
| Average Home Value | $213,912 |
Housing Distribution
Address Breakdown
Residential
783
Single Family
765
Multi-Family
18
Businesses
30
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Listed by: Marcie McCrea • Homes Realty of Northern New York
Mls Name: NYSAMLSs
Mls ID: #S1640883