233 Nichols StreetKent LakesNY10512
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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 Kent Lakes at 233 Nichols Street, Kent Lakes, NY, 10512 offers a 9.51% rental yield on a $529,900 purchase with $4,200/mo rent. Total monthly income registers $4,200/mo, and a $2,594/mo payment leaves $661/mo available for distribution. Annual cash flow reaches $7,932/yr on $174,337 to close, and return on cash invested stands at 24.61% in year one. Equity gained on principal adds $3,419/yr while 5% annual appreciation supports $146,402 over five years. Portfolio math shows five-year ROI at 128.7% and total cumulative return in cash at $224,363. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,200/mo property income against a $2,594/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
1.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10512, Carmel, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,096 (100%) |
| Owner Occupied HU | 7,530 (74.6%) |
| Renter Occupied HU | 1,797 (17.8%) |
| Vacant Housing Units | 769 ( 7.6%) |
| Median Home Value | $461,515 |
| Average Home Value | $513,780 |
Housing Distribution
Address Breakdown
Residential
10,012
Single Family
9,412
Multi-Family
600
Businesses
711
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Listed by: Lisa Douglas • Howard Hanna Rand Realty
Mls Name: OneKey MLS
Mls ID: #886967