86 Main StNew York MillsNY13417
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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 New York Mills at 86 Main St, New York Mills, NY, 13417 generates $1,393/mo in rent, after a $1,590/mo payment. Total monthly income is $1,393/mo. Return on cash invested sits at 11.26% in year one, and rental yield is 5.14% on a $324,900 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,764 over five years. Five-year ROI reaches 57.09% and total cumulative return in cash sums $61,493. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,393/mo property income rather than buyer’s personal income.
Single Family
Built in 1949
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13417, New York Mills, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,663 (100%) |
| Owner Occupied HU | 654 (39.3%) |
| Renter Occupied HU | 839 (50.5%) |
| Vacant Housing Units | 170 (10.2%) |
| Median Home Value | $172,248 |
| Average Home Value | $199,247 |
Housing Distribution
Address Breakdown
Residential
1,705
Single Family
1,420
Multi-Family
285
Businesses
135
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Listed by: Nicholas Polce • Gateway Properties of Upstate NY Inc
Mls Name: NYSAMLSs
Mls ID: #S1655037