23 West Meadow WayGreenwood LakeNY10925
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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 Greenwood Lake at 23 West Meadow Way, Greenwood Lake, NY, 10925 generates $2,250/mo in rent, after a $4,503/mo payment. Total monthly income is $2,250/mo. Return on cash invested sits at 4.62% in year one, and rental yield is 2.93% on a $920,000 entry. Equity gained on principal adds $5,937/yr, while 5% annual appreciation builds toward $254,179 over five years. Five-year ROI reaches 21.49% and total cumulative return in cash sums $65,055. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,250/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
3.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10925, Greenwood Lake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,479 (100%) |
| Owner Occupied HU | 1,514 (61.1%) |
| Renter Occupied HU | 477 (19.2%) |
| Vacant Housing Units | 488 (19.7%) |
| Median Home Value | $477,922 |
| Average Home Value | $586,567 |
Housing Distribution
Address Breakdown
Residential
1,778
Single Family
1,775
Multi-Family
3
Businesses
136
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Listed by: Robert Valentine • BHG Real Estate Green Team
Mls Name: OneKey MLS
Mls ID: #930620