108 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 108 Mill Creek Ln, Sackets Harbor, NY, 13685 offers $1,547/mo rent that, after a $1,052/mo payment, leaves $112/mo cash flow. Total monthly income is $1,547/mo, and annual cash flow is $1,341/yr on $71,239 cash. Return on cash invested measures 21.79% in year one, and rental yield stands at 8.64% at a $214,900 entry. Equity gained on principal adds $1,387/yr while 5% annual appreciation compounds into $59,373 by year five. Five-year ROI records 113.57% and total cumulative return in cash reaches $80,910. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,547/mo property income versus a $1,052/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1996
0.37 Acres 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: Amanda J Miller • Lake Ontario Realty, LLC
Mls Name: NYSAMLSs
Mls ID: #S1626848