12 State Line RoadMillertonNY12546
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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 Millerton at 12 State Line Road, Millerton, NY, 12546 priced at $449,500 converts $4,132/mo rent into $1,130/mo cash flow after a $2,200/mo obligation. Total monthly income equals $4,132/mo, and annual cash flow totals $13,565/yr on $149,009 invested. Return on cash invested prints 29.01% in year one, and rental yield reads 11.03% against a $449,500 entry. Equity gained on principal adds $2,901/yr, while 5% annual appreciation compiles into $124,189 by year five. Five-year ROI reaches 152.31% and total cumulative return in cash sums $226,961. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,132/mo property income covering a $2,200/mo payment, not borrower’s personal income.
Single Family
Built in 1910
3.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12546, Millerton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,556 (100%) |
| Owner Occupied HU | 831 (53.4%) |
| Renter Occupied HU | 403 (25.9%) |
| Vacant Housing Units | 322 (20.7%) |
| Median Home Value | $447,037 |
| Average Home Value | $646,221 |
Housing Distribution
Address Breakdown
Residential
1,049
Single Family
1,049
Multi-Family
0
Businesses
174
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