3 N Richfield StMohawkNY13407
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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 Mohawk at 3 N Richfield St, Mohawk, NY, 13407 offers $1,135/mo rent that, after a $827/mo payment, leaves $7/mo cash flow. Total monthly income is $1,135/mo, and annual cash flow is $79/yr on $56,024 cash. Return on cash invested measures 20.05% in year one, and rental yield stands at 8.06% at a $169,000 entry. Equity gained on principal adds $1,091/yr while 5% annual appreciation compounds into $46,692 by year five. Five-year ROI records 104.26% and total cumulative return in cash reaches $58,411. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,135/mo property income versus a $827/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
4,748 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13407, Mohawk, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,420 (100%) |
| Owner Occupied HU | 1,566 (64.7%) |
| Renter Occupied HU | 585 (24.2%) |
| Vacant Housing Units | 269 (11.1%) |
| Median Home Value | $163,484 |
| Average Home Value | $217,225 |
Housing Distribution
Address Breakdown
Residential
2,194
Single Family
2,153
Multi-Family
41
Businesses
113
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