21 Lake Shore DriveSouth SalemNY10590
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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
Investment property for sale in South Salem at 21 Lake Shore Drive, South Salem, NY, 10590 with 5% annual appreciation on a $1,225,000 basis while $4,604/mo rent supports operations. 56% in year one. Equity gained on principal adds $7,905/yr, and five-year appreciation sums $338,445 alongside rental yield of 4.51%. Five-year ROI measures 47.89% and total cumulative return in cash totals $190,068. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,604/mo property income versus a $5,996/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2020
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10590, South Salem, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,521 (100%) |
| Owner Occupied HU | 2,053 (81.4%) |
| Renter Occupied HU | 211 ( 8.4%) |
| Vacant Housing Units | 257 (10.2%) |
| Median Home Value | $829,944 |
| Average Home Value | $919,282 |
Housing Distribution
Address Breakdown
Residential
2,502
Single Family
2,502
Multi-Family
0
Businesses
167
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Listed by: Melissa Marcogliese • Compass Greater NY, LLC
Mls Name: OneKey MLS
Mls ID: #903857