3953 N Millgrove RdAldenNY14004
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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 Alden at 3953 N Millgrove Rd, Alden, NY, 14004 generates $2,080/mo in rent and, after a $1,076/mo payment, leaves $612/mo in cash flow. Total monthly income is $2,080/mo, and annual cash flow is $7,342/yr on $72,897 invested. Return on cash invested sits at 29.98% in year one, and rental yield is 11.35% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 157.49% and total cumulative return in cash sums $114,808. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,080/mo property income rather than buyer’s personal income.
Single Family
Built in 1937
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14004, Alden, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,512 (100%) |
| Owner Occupied HU | 3,616 (80.1%) |
| Renter Occupied HU | 678 (15.0%) |
| Vacant Housing Units | 218 ( 4.8%) |
| Median Home Value | $319,063 |
| Average Home Value | $345,555 |
Housing Distribution
Address Breakdown
Residential
4,469
Single Family
4,253
Multi-Family
216
Businesses
269
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