219 Lakeside DriveSouth SalemNY10590
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 South Salem at 219 Lakeside Drive, South Salem, NY, 10590 priced at $335,000 converts $6,960/mo rent into $4,314/mo cash flow after a $1,640/mo obligation. Total monthly income equals $6,960/mo, and annual cash flow totals $51,763/yr on $111,053 invested. Return on cash invested prints 66.52% in year one, and rental yield reads 24.93% against a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation compiles into $92,554 by year five. Five-year ROI reaches 355.06% and total cumulative return in cash sums $394,304. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,960/mo property income covering a $1,640/mo payment, not borrower’s personal income.
Townhouse
Built in 1987
431 sqft lot
$N/A/sqft
$409 monthly 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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Nearby investment properties with comparable prices
Listed by: Mark Boyland • Keller Williams Realty Partner
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #H6315302
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.