18E Heritage Drive #ENew CityNY10956
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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 New City at 18E Heritage Drive #E, New City, NY, 10956 generates $4,800/mo in rent and, after a $2,437/mo payment, leaves $1,475/mo in cash flow. Total monthly income is $4,800/mo, and annual cash flow is $17,699/yr on $165,087 invested. Return on cash invested sits at 30.63% in year one, and rental yield is 11.57% on a $498,000 entry. Equity gained on principal adds $3,214/yr, while 5% annual appreciation builds toward $137,588 over five years. Five-year ROI reaches 160.96% and total cumulative return in cash sums $265,732. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,800/mo property income rather than buyer’s personal income.
Condo
Built in 1972
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10956, New City, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,703 (100%) |
| Owner Occupied HU | 9,145 (85.4%) |
| Renter Occupied HU | 1,195 (11.2%) |
| Vacant Housing Units | 363 ( 3.4%) |
| Median Home Value | $677,493 |
| Average Home Value | $715,338 |
Housing Distribution
Address Breakdown
Residential
10,501
Single Family
10,229
Multi-Family
272
Businesses
1,136
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