15 Cherry CourtHighland MillsNY10930
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Highland Mills at 15 Cherry Court, Highland Mills, NY, 10930 priced at $455,000 converts $3,720/mo rent into $682/mo cash flow after a $2,227/mo obligation. Total monthly income equals $3,720/mo, and annual cash flow totals $8,179/yr on $150,833 invested. Return on cash invested prints 25.33% in year one, and rental yield reads 9.81% against a $455,000 entry. Equity gained on principal adds $2,936/yr, while 5% annual appreciation compiles into $125,708 by year five. Five-year ROI reaches 132.56% and total cumulative return in cash sums $199,948. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,720/mo property income covering a $2,227/mo payment, not borrower’s personal income.
Single Family
Built in 1985
2,106 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10930, Highland Mills, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,928 (100%) |
| Owner Occupied HU | 2,816 (71.7%) |
| Renter Occupied HU | 722 (18.4%) |
| Vacant Housing Units | 390 ( 9.9%) |
| Median Home Value | $473,950 |
| Average Home Value | $524,782 |
Housing Distribution
Address Breakdown
Residential
2,992
Single Family
2,992
Multi-Family
0
Businesses
118
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Listed by: Joan L Wortmann • Weichert Realtors
Mls Name: OneKey MLS
Mls ID: #927217