14 Somerset DriveSuffernNY10901
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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 Suffern at 14 Somerset Drive, Suffern, NY, 10901 uses $112,710 cash to close to unlock $9,632/yr annual cash flow and $803/mo monthly cash flow. Total monthly income runs $3,073/mo, and a $1,664/mo payment keeps the spread at $803/mo. Purchase price stands at $340,000, and rental yield measures 10.85% with $3,073/mo rent. Return on cash invested shows 28.45% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 149.32% and total cumulative return in cash records $168,294. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,073/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Condo
Built in 1973
436 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10901, Suffern, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,701 (100%) |
| Owner Occupied HU | 6,227 (64.2%) |
| Renter Occupied HU | 2,862 (29.5%) |
| Vacant Housing Units | 612 ( 6.3%) |
| Median Home Value | $588,681 |
| Average Home Value | $658,904 |
Housing Distribution
Address Breakdown
Residential
9,407
Single Family
7,478
Multi-Family
1,929
Businesses
861
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