6781 Miller RdVerona BeachNY13162
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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 Verona Beach at 6781 Miller Rd, Verona Beach, NY, 13162 generates $1,920/mo in rent and, after a $974/mo payment, leaves $591/mo in cash flow. Total monthly income is $1,920/mo, and annual cash flow is $7,093/yr on $65,969 invested. Return on cash invested sits at 30.66% in year one, and rental yield is 11.58% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 161.21% and total cumulative return in cash sums $106,350. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,920/mo property income rather than buyer’s personal income.
Single Family
Built in 1935
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13162, Verona Beach, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 273 (100%) |
| Owner Occupied HU | 135 (49.5%) |
| Renter Occupied HU | 22 ( 8.1%) |
| Vacant Housing Units | 116 (42.5%) |
| Median Home Value | $229,605 |
| Average Home Value | $265,685 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
17
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Listed by: Caterina Nisiewicz • Howard Hanna Real Estate
Mls Name: NYSAMLSs
Mls ID: #S1606402