6 S Main StMilfordNY13807
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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 Milford at 6 S Main St, Milford, NY, 13807 priced at $329,000 converts $2,340/mo rent into $143/mo cash flow after a $1,610/mo obligation. Total monthly income equals $2,340/mo, and annual cash flow totals $1,719/yr on $109,064 invested. Return on cash invested prints 21.49% in year one, and rental yield reads 8.53% against a $329,000 entry. Equity gained on principal adds $2,123/yr, while 5% annual appreciation compiles into $90,897 by year five. Five-year ROI reaches 111.96% and total cumulative return in cash sums $122,109. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,340/mo property income covering a $1,610/mo payment, not borrower’s personal income.
Single Family
Built in 1927
0.89 Acres 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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