188 Eagle Ridge WayNanuetNY10954
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 Nanuet at 188 Eagle Ridge Way, Nanuet, NY, 10954 priced at $435,000 converts $3,164/mo rent into $259/mo cash flow after a $2,129/mo obligation. Total monthly income equals $3,164/mo, and annual cash flow totals $3,111/yr on $144,203 invested. Return on cash invested prints 22.07% in year one, and rental yield reads 8.73% against a $435,000 entry. Equity gained on principal adds $2,807/yr, while 5% annual appreciation compiles into $120,182 by year five. Five-year ROI reaches 115.07% and total cumulative return in cash sums $165,936. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,164/mo property income covering a $2,129/mo payment, not borrower’s personal income.
Condo
Built in 1995
436 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10954, Nanuet, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,901 (100%) |
| Owner Occupied HU | 5,711 (64.2%) |
| Renter Occupied HU | 2,789 (31.3%) |
| Vacant Housing Units | 401 ( 4.5%) |
| Median Home Value | $590,645 |
| Average Home Value | $599,916 |
Housing Distribution
Address Breakdown
Residential
8,682
Single Family
8,137
Multi-Family
545
Businesses
1,082
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices