532 Schrader Hill RdHerkimerNY13350
Nearby investment properties with comparable rents
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 532 Schrader Hill Rd, Herkimer, NY, 13350 at $196,400 posts ROI 38.56% with $1,012/mo cash flow from $2,323/mo rent. Total monthly income equals $2,323/mo, and annual cash flow records $12,141/yr on $65,107 to close. Return on cash invested measures 38.56% and rental yield reads 14.19% at the current $196,400. Equity gained on principal adds $1,267/yr, and 5% annual appreciation supports $54,262 by year five. Five-year ROI prints 203.49% and total cumulative return in cash totals $132,486.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,323/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1930
3.80 Acres 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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