6040 & 6044 Mill RdMayvilleNY14757
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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 Mayville at 6040 & 6044 Mill Rd, Mayville, NY, 14757 generates $1,440/mo in rent, after a $2,447/mo payment. Total monthly income is $1,440/mo. Return on cash invested sits at 6.16% in year one, and rental yield is 3.46% on a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 29.78% and total cumulative return in cash sums $49,364. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,440/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14757, Mayville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,207 (100%) |
| Owner Occupied HU | 962 (43.6%) |
| Renter Occupied HU | 318 (14.4%) |
| Vacant Housing Units | 927 (42.0%) |
| Median Home Value | $196,774 |
| Average Home Value | $239,641 |
Housing Distribution
Address Breakdown
Residential
1,643
Single Family
1,528
Multi-Family
115
Businesses
145
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