230 Prospect RoadMonroeNY10950
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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 Monroe at 230 Prospect Road, Monroe, NY, 10950 generates $3,644/mo in rent, after a $6,113/mo payment. Total monthly income is $3,644/mo. Return on cash invested sits at 6.44% in year one, and rental yield is 3.5% on a $1,249,000 entry. Equity gained on principal adds $8,060/yr, while 5% annual appreciation builds toward $345,076 over five years. Five-year ROI reaches 31.2% and total cumulative return in cash sums $126,239. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,644/mo property income rather than buyer’s personal income.
Single Family
Built in 1982
2.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10950, Monroe, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,687 (100%) |
| Owner Occupied HU | 9,996 (56.5%) |
| Renter Occupied HU | 6,342 (35.9%) |
| Vacant Housing Units | 1,349 ( 7.6%) |
| Median Home Value | $515,468 |
| Average Home Value | $571,319 |
Housing Distribution
Address Breakdown
Residential
17,173
Single Family
16,553
Multi-Family
620
Businesses
880
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