103 Gedney Street #1MNyackNY10960
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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 Nyack at 103 Gedney Street #1M, Nyack, NY, 10960 uses $164,093 cash to close to unlock $4,371/yr annual cash flow and $364/mo monthly cash flow. Total monthly income runs $3,670/mo, and a $2,423/mo payment keeps the spread at $364/mo. Purchase price stands at $495,000, and rental yield measures 8.9% with $3,670/mo rent. Return on cash invested shows 22.57% in year one, and 5% annual appreciation builds toward $136,759 over five years. Five-year ROI reaches 117.77% and total cumulative return in cash records $193,258. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,670/mo property income covering a $2,423/mo payment rather than investor’s personal income.
Condo
Built in 1962
2.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10960, Nyack, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,008 (100%) |
| Owner Occupied HU | 3,178 (45.3%) |
| Renter Occupied HU | 3,277 (46.8%) |
| Vacant Housing Units | 553 ( 7.9%) |
| Median Home Value | $784,011 |
| Average Home Value | $864,261 |
Housing Distribution
Address Breakdown
Residential
6,394
Single Family
4,786
Multi-Family
1,608
Businesses
825
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