235 Parkside DriveSuffernNY10901
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 Suffern at 235 Parkside Drive, Suffern, NY, 10901 priced at $490,000 converts $4,411/mo rent into $1,139/mo cash flow after a $2,398/mo obligation. Total monthly income equals $4,411/mo, and annual cash flow totals $13,670/yr on $162,435 invested. Return on cash invested prints 28.32% in year one, and rental yield reads 10.8% against a $490,000 entry. Equity gained on principal adds $3,162/yr, while 5% annual appreciation compiles into $135,378 by year five. Five-year ROI reaches 148.63% and total cumulative return in cash sums $241,428. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,411/mo property income covering a $2,398/mo payment, not borrower’s personal income.
Condo
Built in 1970
871 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10901, Suffern, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,701 (100%) |
| Owner Occupied HU | 6,227 (64.2%) |
| Renter Occupied HU | 2,862 (29.5%) |
| Vacant Housing Units | 612 ( 6.3%) |
| Median Home Value | $588,681 |
| Average Home Value | $658,904 |
Housing Distribution
Address Breakdown
Residential
9,407
Single Family
7,478
Multi-Family
1,929
Businesses
861
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices