1 W Lawrence Park Drive #10PiermontNY10968
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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 Piermont at 1 W Lawrence Park Drive #10, Piermont, NY, 10968 listed at $295,000 pairs $2,520/mo rent with a $1,444/mo payment to leave $550/mo cash flow. Total monthly income runs $2,520/mo, and annual cash flow reaches $6,599/yr on $97,793 cash to close. Return on cash invested measures 26.66% in year one, and rental yield registers 10.25% at a $295,000 basis. Equity gained on principal adds $1,904/yr, and annual property appreciation at 5% supports $81,503 by year five. Five-year ROI tracks 139.66% and total cumulative return in cash totals $136,574. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,520/mo property income relative to a $1,444/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1965
436 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10968, Piermont, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,197 (100%) |
| Owner Occupied HU | 661 (55.2%) |
| Renter Occupied HU | 411 (34.3%) |
| Vacant Housing Units | 125 (10.4%) |
| Median Home Value | $858,755 |
| Average Home Value | $947,182 |
Housing Distribution
Address Breakdown
Residential
1,203
Single Family
782
Multi-Family
421
Businesses
120
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