8 Mill StRedfordNY12978
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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 Redford at 8 Mill St, Redford, NY, 12978 generates $3,041/mo in rent and, after a $612/mo payment, leaves $2,206/mo in cash flow. Total monthly income is $3,041/mo, and annual cash flow is $26,473/yr on $41,438 invested. Return on cash invested sits at 83.8% in year one, and rental yield is 29.19% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 446.22% and total cumulative return in cash sums $184,901. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,041/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12978, Redford, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 180 (100%) |
| Owner Occupied HU | 137 (76.1%) |
| Renter Occupied HU | 17 ( 9.4%) |
| Vacant Housing Units | 26 (14.4%) |
| Median Home Value | $144,167 |
| Average Home Value | $164,562 |
Housing Distribution
Address Breakdown
Residential
110
Single Family
110
Multi-Family
0
Businesses
6
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Listed by: Lisa LaPorte • Century 21 The One
Mls Name: ACVMLS
Mls Provider:
Mls ID: #202536
Disclaimer: Listing data courtesy of the Internet Data Exchange (IDX) Program of the Adirondack Champlain Valley Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information deemed reliable but not guaranteed.