116 Harbor CovePiermontNY10968
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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 116 Harbor Cove, Piermont, NY, 10968 with 5% annual appreciation on a $599,999 basis while $3,570/mo rent supports operations. 4% in year one. Equity gained on principal adds $3,872/yr, and five-year appreciation sums $165,769 alongside rental yield of 7.14%. Five-year ROI measures 90.01% and total cumulative return in cash totals $177,683. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,570/mo property income versus a $2,937/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2000
871 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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