108 Miller StShermanNY14781
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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 Sherman at 108 Miller St, Sherman, NY, 14781 generates $865/mo in rent and, after a $563/mo payment, leaves $97/mo in cash flow. Total monthly income is $865/mo, and annual cash flow is $1,163/yr on $38,123 invested. Return on cash invested sits at 22.96% in year one, and rental yield is 9.03% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 119.86% and total cumulative return in cash sums $45,693. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $865/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14781, Sherman, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 979 (100%) |
| Owner Occupied HU | 593 (60.6%) |
| Renter Occupied HU | 159 (16.2%) |
| Vacant Housing Units | 227 (23.2%) |
| Median Home Value | $181,944 |
| Average Home Value | $255,021 |
Housing Distribution
Address Breakdown
Residential
532
Single Family
509
Multi-Family
23
Businesses
37
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