299 West Ames RoadCanajoharieNY13317
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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 Canajoharie at 299 West Ames Road, Canajoharie, NY, 13317 offers a 11.4% rental yield on a $315,000 purchase with $2,993/mo rent. Total monthly income registers $2,993/mo, and a $1,542/mo payment leaves $889/mo available for distribution. Annual cash flow reaches $10,671/yr on $104,423 to close, and return on cash invested stands at 30.13% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 158.32% and total cumulative return in cash at $165,317. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,993/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13317, Canajoharie, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,753 (100%) |
| Owner Occupied HU | 1,072 (61.2%) |
| Renter Occupied HU | 422 (24.1%) |
| Vacant Housing Units | 259 (14.8%) |
| Median Home Value | $141,241 |
| Average Home Value | $206,182 |
Housing Distribution
Address Breakdown
Residential
1,579
Single Family
1,506
Multi-Family
73
Businesses
149
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Listed by: Kathleen Bowerman • Find Advisors
Mls Name: Global MLS
Mls ID: #202521785