960 Steuben 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 960 Steuben Hill Rd, Herkimer, NY, 13350 listed at $198,750 pairs $2,597/mo rent with a $973/mo payment to leave $1,270/mo cash flow. Total monthly income runs $2,597/mo, and annual cash flow reaches $15,235/yr on $65,886 cash to close. Return on cash invested measures 43.03% in year one, and rental yield registers 15.68% at a $198,750 basis. Equity gained on principal adds $1,283/yr, and annual property appreciation at 5% supports $54,911 by year five. Five-year ROI tracks 227.5% and total cumulative return in cash totals $149,891. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,597/mo property income relative to a $973/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1969
1.60 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices