24 Grassi LaneGarrisonNY10524
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
Investment property for sale in Garrison at 24 Grassi Lane, Garrison, NY, 10524 offers a 14.44% rental yield on a $698,000 purchase with $8,400/mo rent. Total monthly income registers $8,400/mo, and a $3,416/mo payment leaves $3,739/mo available for distribution. Annual cash flow reaches $44,871/yr on $229,642 to close, and return on cash invested stands at 39.6% in year one. Equity gained on principal adds $4,504/yr while 5% annual appreciation supports $192,845 over five years. Portfolio math shows five-year ROI at 209.05% and total cumulative return in cash at $480,072. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $8,400/mo property income against a $3,416/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
1.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10524, Garrison, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,903 (100%) |
| Owner Occupied HU | 1,442 (75.8%) |
| Renter Occupied HU | 215 (11.3%) |
| Vacant Housing Units | 246 (12.9%) |
| Median Home Value | $625,342 |
| Average Home Value | $804,806 |
Housing Distribution
Address Breakdown
Residential
1,528
Single Family
1,528
Multi-Family
0
Businesses
128
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices