15 Ferris PlaceOssiningNY10562
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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 Ossining at 15 Ferris Place, Ossining, NY, 10562 priced at $689,000 converts $4,714/mo rent into $113/mo cash flow after a $3,372/mo obligation. Total monthly income equals $4,714/mo, and annual cash flow totals $1,359/yr on $226,681 invested. Return on cash invested prints 20.66% in year one, and rental yield reads 8.21% against a $689,000 entry. Equity gained on principal adds $4,446/yr, while 5% annual appreciation compiles into $190,358 by year five. Five-year ROI reaches 107.49% and total cumulative return in cash sums $243,654. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,714/mo property income covering a $3,372/mo payment, not borrower’s personal income.
Multi Family
Built in 1860
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10562, Ossining, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,526 (100%) |
| Owner Occupied HU | 6,967 (55.6%) |
| Renter Occupied HU | 4,886 (39.0%) |
| Vacant Housing Units | 673 ( 5.4%) |
| Median Home Value | $548,651 |
| Average Home Value | $586,140 |
Housing Distribution
Address Breakdown
Residential
11,323
Single Family
8,534
Multi-Family
2,789
Businesses
723
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