6 Mill StAkronNY14001
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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 Akron at 6 Mill St, Akron, NY, 14001 offers $1,320/mo rent that, after a $1,517/mo payment. Total monthly income is $1,320/mo. Return on cash invested measures 11.15% in year one, and rental yield stands at 5.11% at a $309,900 entry. Equity gained on principal adds $2,000/yr while 5% annual appreciation compounds into $85,620 by year five. Five-year ROI records 56.56% and total cumulative return in cash reaches $58,104. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,320/mo property income versus a $1,517/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1830
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14001, Akron, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,839 (100%) |
| Owner Occupied HU | 3,369 (69.6%) |
| Renter Occupied HU | 880 (18.2%) |
| Vacant Housing Units | 590 (12.2%) |
| Median Home Value | $310,719 |
| Average Home Value | $334,648 |
Housing Distribution
Address Breakdown
Residential
4,373
Single Family
4,235
Multi-Family
138
Businesses
253
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