7643 Mill RdClevelandNY13042
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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 Cleveland at 7643 Mill Rd, Cleveland, NY, 13042 earns $934/mo cash flow from $2,637/mo rent with a $1,248/mo payment. Total monthly income totals $2,637/mo, and annual cash flow totals $11,211/yr on $84,533 capital. ROI tracks 33.17% on current figures, and rental yield reads 12.41% at a $255,000 purchase. Equity gained on principal adds $1,645/yr, and 5% annual appreciation supports $70,452 over five years. Five-year ROI reaches 174.64% and total cumulative return in cash sums $147,632. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,637/mo property income instead of your personal income.
Single Family
Built in 1966
0.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13042, Cleveland, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,349 (100%) |
| Owner Occupied HU | 753 (55.8%) |
| Renter Occupied HU | 174 (12.9%) |
| Vacant Housing Units | 422 (31.3%) |
| Median Home Value | $188,527 |
| Average Home Value | $236,059 |
Housing Distribution
Address Breakdown
Residential
918
Single Family
918
Multi-Family
0
Businesses
31
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