12 Heritage Drive #CNew CityNY10956
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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 City at 12 Heritage Drive #C, New City, NY, 10956 priced at $450,000 converts $2,745/mo rent into after a $2,203/mo obligation. Total monthly income equals $2,745/mo. Return on cash invested prints 13.31% in year one, and rental yield reads 7.32% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 69.73% and total cumulative return in cash sums $104,022. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,745/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Condo
Built in 1971
2,178 sqft lot
$N/A/sqft
$560 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10956, New City, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,703 (100%) |
| Owner Occupied HU | 9,145 (85.4%) |
| Renter Occupied HU | 1,195 (11.2%) |
| Vacant Housing Units | 363 ( 3.4%) |
| Median Home Value | $677,493 |
| Average Home Value | $715,338 |
Housing Distribution
Address Breakdown
Residential
10,501
Single Family
10,229
Multi-Family
272
Businesses
1,136
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Listed by: Hyewon Bae • Q Home Sales
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #913986
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