2 Old Salem Center RoadNorth SalemNY10560
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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
Investment property for sale in North Salem at 2 Old Salem Center Road, North Salem, NY, 10560 offers a 5.77% rental yield on a $874,000 purchase with $4,200/mo rent. 23% in year one. Equity gained on principal adds $5,640/yr while 5% annual appreciation supports $241,470 over five years. Portfolio math shows five-year ROI at 67.65% and total cumulative return in cash at $194,517. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,200/mo property income against a $4,278/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10560, North Salem, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,929 (100%) |
| Owner Occupied HU | 1,361 (70.6%) |
| Renter Occupied HU | 319 (16.5%) |
| Vacant Housing Units | 249 (12.9%) |
| Median Home Value | $734,539 |
| Average Home Value | $887,667 |
Housing Distribution
Address Breakdown
Residential
1,673
Single Family
1,673
Multi-Family
0
Businesses
140
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Listed by: Katherine Bellantoni • William Raveis Real Estate
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #H6308800
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