824 Higby RdNew HartfordNY13413
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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 New Hartford at 824 Higby Rd, New Hartford, NY, 13413 listed at $780,000 pairs $4,200/mo rent with a $3,818/mo payment. Total monthly income runs $4,200/mo. Return on cash invested measures 15.34% in year one, and rental yield registers 6.46% at a $780,000 basis. Equity gained on principal adds $5,033/yr, and annual property appreciation at 5% supports $215,500 by year five. Five-year ROI tracks 78.96% and total cumulative return in cash totals $202,624. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,200/mo property income relative to a $3,818/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1840
6.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13413, New Hartford, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,382 (100%) |
| Owner Occupied HU | 4,980 (67.5%) |
| Renter Occupied HU | 1,892 (25.6%) |
| Vacant Housing Units | 510 ( 6.9%) |
| Median Home Value | $243,226 |
| Average Home Value | $280,456 |
Housing Distribution
Address Breakdown
Residential
6,789
Single Family
5,738
Multi-Family
1,051
Businesses
897
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Listed by: Michelle Gorea Thompson • Coldwell Banker Faith Properties
Mls Name: NYSAMLSs
Mls ID: #S1635501