317 S Bellinger StHerkimerNY13350
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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 317 S Bellinger St, Herkimer, NY, 13350 priced at $170,000 converts $1,608/mo rent into $473/mo cash flow after a $832/mo obligation. Total monthly income equals $1,608/mo, and annual cash flow totals $5,674/yr on $56,355 invested. Return on cash invested prints 29.98% in year one, and rental yield reads 11.35% against a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation compiles into $46,968 by year five. Five-year ROI reaches 157.48% and total cumulative return in cash sums $88,749. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,608/mo property income covering a $832/mo payment, not borrower’s personal income.
Single Family
Built in 1915
4,430 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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