147 N Lake Shore DriveMilfordNY13807
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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
Investment property for sale in Milford at 147 N Lake Shore Drive, Milford, NY, 13807 with 5% annual appreciation on a $265,000 basis while $2,340/mo rent supports operations. Total monthly income totals $2,340/mo and a $1,297/mo payment preserves $570/mo for cash returns. Annual cash flow comes to $6,845/yr on $87,848 deployed, and return on cash invested reaches 27.7% in year one. Equity gained on principal adds $1,710/yr, and five-year appreciation sums $73,215 alongside rental yield of 10.6%. Five-year ROI measures 145.29% and total cumulative return in cash totals $127,635.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,340/mo property income versus a $1,297/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2024
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13807, Milford, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 747 (100%) |
| Owner Occupied HU | 387 (51.8%) |
| Renter Occupied HU | 123 (16.5%) |
| Vacant Housing Units | 237 (31.7%) |
| Median Home Value | $205,500 |
| Average Home Value | $252,054 |
Housing Distribution
Address Breakdown
Residential
351
Single Family
351
Multi-Family
0
Businesses
49
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