104 Mill Creek LnSackets HarborNY13685
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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 Sackets Harbor at 104 Mill Creek Ln, Sackets Harbor, NY, 13685 priced at $225,000 converts $1,713/mo rent into $211/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,713/mo, and annual cash flow totals $2,529/yr on $74,588 invested. Return on cash invested prints 23.3% in year one, and rental yield reads 9.14% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 121.67% and total cumulative return in cash sums $90,753. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,713/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1988
5,449 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13685, Sackets Harbor, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,670 (100%) |
| Owner Occupied HU | 626 (37.5%) |
| Renter Occupied HU | 439 (26.3%) |
| Vacant Housing Units | 605 (36.2%) |
| Median Home Value | $347,097 |
| Average Home Value | $381,685 |
Housing Distribution
Address Breakdown
Residential
1,098
Single Family
804
Multi-Family
294
Businesses
67
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Listed by: Ricky Gates • eXp Realty
Mls Name: NYSAMLSs
Mls Provider:
Mls ID: #S1618498
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