24 Forest Hills LaneOtisvilleNY10963
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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 Otisville at 24 Forest Hills Lane, Otisville, NY, 10963 offers a 4.42% rental yield on a $749,000 purchase with $2,760/mo rent. 14% in year one. Equity gained on principal adds $4,833/yr while 5% annual appreciation supports $206,935 over five years. Portfolio math shows five-year ROI at 45.74% and total cumulative return in cash at $112,708. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,760/mo property income against a $3,666/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10963, Otisville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,018 (100%) |
| Owner Occupied HU | 726 (71.3%) |
| Renter Occupied HU | 189 (18.6%) |
| Vacant Housing Units | 103 (10.1%) |
| Median Home Value | $420,856 |
| Average Home Value | $455,344 |
Housing Distribution
Address Breakdown
Residential
852
Single Family
809
Multi-Family
43
Businesses
95
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