3963 Watkins RdMillportNY14864
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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 Millport at 3963 Watkins Rd, Millport, NY, 14864 listed at $349,000 pairs $2,706/mo rent with a $1,708/mo payment to leave $376/mo cash flow. Total monthly income runs $2,706/mo, and annual cash flow reaches $4,507/yr on $115,694 cash to close. Return on cash invested measures 23.81% in year one, and rental yield registers 9.3% at a $349,000 basis. Equity gained on principal adds $2,252/yr, and annual property appreciation at 5% supports $96,422 by year five. Five-year ROI tracks 124.38% and total cumulative return in cash totals $143,904. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,706/mo property income relative to a $1,708/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1968
79.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14864, Millport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 575 (100%) |
| Owner Occupied HU | 407 (70.8%) |
| Renter Occupied HU | 124 (21.6%) |
| Vacant Housing Units | 44 ( 7.7%) |
| Median Home Value | $162,946 |
| Average Home Value | $193,415 |
Housing Distribution
Address Breakdown
Residential
547
Single Family
547
Multi-Family
0
Businesses
21
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