621 Shells Bush RdHerkimerNY13350
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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
Investment property for sale in Herkimer at 621 Shells Bush Rd, Herkimer, NY, 13350 offers a 3.6% rental yield on a $359,900 purchase with $1,080/mo rent. 59% in year one. Equity gained on principal adds $2,322/yr while 5% annual appreciation supports $99,434 over five years. Portfolio math shows five-year ROI at 32.11% and total cumulative return in cash at $38,306. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,080/mo property income against a $1,762/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
13.30 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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