15 Steven Drive #4OssiningNY10562
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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 Steven Drive #4, Ossining, NY, 10562 priced at $449,000 converts $3,210/mo rent into $211/mo cash flow after a $2,198/mo obligation. Total monthly income equals $3,210/mo, and annual cash flow totals $2,535/yr on $148,844 invested. Return on cash invested prints 21.61% in year one, and rental yield reads 8.58% against a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation compiles into $124,050 by year five. Five-year ROI reaches 112.64% and total cumulative return in cash sums $167,656. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,210/mo property income covering a $2,198/mo payment, not borrower’s personal income.
Condo
Built in 1988
436 sqft 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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