511 Millers Mills RdWest WinfieldNY13491
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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 West Winfield at 511 Millers Mills Rd, West Winfield, NY, 13491 uses $89,174 cash to close to unlock $1,251/yr annual cash flow and $104/mo monthly cash flow. Total monthly income runs $1,901/mo, and a $1,317/mo payment keeps the spread at $104/mo. Purchase price stands at $269,000, and rental yield measures 8.48% with $1,901/mo rent. Return on cash invested shows 21.31% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 111.05% and total cumulative return in cash records $99,023. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,901/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Single Family
Built in 1954
3.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13491, West Winfield, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,614 (100%) |
| Owner Occupied HU | 1,153 (71.4%) |
| Renter Occupied HU | 279 (17.3%) |
| Vacant Housing Units | 182 (11.3%) |
| Median Home Value | $169,531 |
| Average Home Value | $217,832 |
Housing Distribution
Address Breakdown
Residential
1,356
Single Family
1,315
Multi-Family
41
Businesses
60
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Listed by: Delbert Ball • Keller-Williams Mohawk Valley
Mls Name: NYSAMLSs
Mls ID: #S1645763