414 E German StHerkimerNY13350
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Nearby investment properties with comparable prices
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 Herkimer at 414 E German St, Herkimer, NY, 13350 at $107,000 posts ROI 43.8% with $706/mo cash flow from $1,421/mo rent. Total monthly income equals $1,421/mo, and annual cash flow records $8,474/yr on $35,471 to close. Return on cash invested measures 43.8% and rental yield reads 15.94% at the current $107,000. Equity gained on principal adds $690/yr, and 5% annual appreciation supports $29,562 by year five. Five-year ROI prints 231.72% and total cumulative return in cash totals $82,194.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,421/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1920
4,499 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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