205 Erie CourtPiermontNY10968
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 Piermont at 205 Erie Court, Piermont, NY, 10968 priced at $1,370,000 pairs $4,829/mo rent with after a $6,705/mo payment. Total monthly income equals $4,829/mo. Return on cash invested is 8.69% in year one, and rental yield stands at 4.23% on a $1,370,000 basis. Equity gained on principal adds $8,840/yr, and 5% annual appreciation accumulates to $378,506 by year five. Five-year ROI measures 43.25% and total cumulative return in cash reaches $191,985. For financing, Ziffy Mortgage’s DSCR program evaluates $4,829/mo property income against a $6,705/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1996
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10968, Piermont, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,197 (100%) |
| Owner Occupied HU | 661 (55.2%) |
| Renter Occupied HU | 411 (34.3%) |
| Vacant Housing Units | 125 (10.4%) |
| Median Home Value | $858,755 |
| Average Home Value | $947,182 |
Housing Distribution
Address Breakdown
Residential
1,203
Single Family
782
Multi-Family
421
Businesses
120
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