305 3rd AveHerkimerNY13350
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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 Herkimer at 305 3rd Ave, Herkimer, NY, 13350 generates $2,201/mo in rent and, after a $489/mo payment, leaves $1,534/mo in cash flow. Total monthly income is $2,201/mo, and annual cash flow is $18,404/yr on $33,150 invested. Return on cash invested sits at 75.43% in year one, and rental yield is 26.41% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 401.24% and total cumulative return in cash sums $133,012. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,201/mo property income rather than buyer’s personal income.
Single Family
Built in 1904
3,079 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13350, Herkimer, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,689 (100%) |
| Owner Occupied HU | 2,359 (50.3%) |
| Renter Occupied HU | 1,703 (36.3%) |
| Vacant Housing Units | 627 (13.4%) |
| Median Home Value | $147,457 |
| Average Home Value | $196,124 |
Housing Distribution
Address Breakdown
Residential
4,027
Single Family
3,385
Multi-Family
642
Businesses
373
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