24 N De Baun Avenue #306AirmontNY10901
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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 Airmont at 24 N De Baun Avenue #306, Airmont, NY, 10901 offers a 9.38% rental yield on a $465,000 purchase with $3,635/mo rent. Total monthly income registers $3,635/mo, and a $2,276/mo payment leaves $5/mo available for distribution. Annual cash flow reaches $57/yr on $154,148 to close, and return on cash invested stands at 19.95% in year one. Equity gained on principal adds $3,001/yr while 5% annual appreciation supports $128,471 over five years. Portfolio math shows five-year ROI at 105.16% and total cumulative return in cash at $162,095. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,635/mo property income against a $2,276/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2003
871 sqft lot
$N/A/sqft
$525 monthly 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
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Listed by: Michael A. Martell • eXp Realty
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #828336
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