14 Charles Lane #2BPomonaNY10970
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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 Pomona at 14 Charles Lane #2B, Pomona, NY, 10970 offers $3,797/mo rent that, after a $1,322/mo payment, leaves $1,994/mo cash flow. Total monthly income is $3,797/mo, and annual cash flow is $23,922/yr on $89,505 cash. Return on cash invested measures 46.64% in year one, and rental yield stands at 16.88% at a $270,000 entry. Equity gained on principal adds $1,742/yr while 5% annual appreciation compounds into $74,596 by year five. Five-year ROI records 246.83% and total cumulative return in cash reaches $220,921. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,797/mo property income versus a $1,322/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1968
2,614 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10970, Pomona, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,064 (100%) |
| Owner Occupied HU | 2,989 (73.5%) |
| Renter Occupied HU | 889 (21.9%) |
| Vacant Housing Units | 186 ( 4.6%) |
| Median Home Value | $545,796 |
| Average Home Value | $574,042 |
Housing Distribution
Address Breakdown
Residential
4,106
Single Family
2,830
Multi-Family
1,276
Businesses
410
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