437 N Washington 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 437 N Washington St, Herkimer, NY, 13350 priced at $248,000 converts $2,369/mo rent into $713/mo cash flow after a $1,214/mo obligation. Total monthly income equals $2,369/mo, and annual cash flow totals $8,553/yr on $82,212 invested. Return on cash invested prints 30.31% in year one, and rental yield reads 11.46% against a $248,000 entry. Equity gained on principal adds $1,600/yr, while 5% annual appreciation compiles into $68,518 by year five. Five-year ROI reaches 159.28% and total cumulative return in cash sums $130,950. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,369/mo property income covering a $1,214/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A 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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