24 Leisure WayMohegan LakeNY10547
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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 Mohegan Lake at 24 Leisure Way, Mohegan Lake, NY, 10547 priced at $510,000 pairs $4,037/mo rent with $632/mo cash flow after a $2,496/mo payment. Total monthly income equals $4,037/mo, and annual cash flow comes to $7,578/yr on $167,790 invested. Return on cash invested is 24.58% in year one, and rental yield stands at 9.5% on a $510,000 basis. Equity gained on principal adds $3,291/yr, and 5% annual appreciation accumulates to $140,904 by year five. Five-year ROI measures 128.5% and total cumulative return in cash reaches $215,607. For financing, Ziffy Mortgage’s DSCR program evaluates $4,037/mo property income against a $2,496/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10547, Mohegan Lake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,748 (100%) |
| Owner Occupied HU | 1,989 (72.4%) |
| Renter Occupied HU | 551 (20.1%) |
| Vacant Housing Units | 208 ( 7.6%) |
| Median Home Value | $560,595 |
| Average Home Value | $579,570 |
Housing Distribution
Address Breakdown
Residential
2,646
Single Family
2,591
Multi-Family
55
Businesses
291
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Listed by: Leia M. Rodman • Corcoran Legends Realty
Mls Name: OneKey MLS
Mls ID: #925464