24 Ray Place #1-4ScarsdaleNY10583
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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 Scarsdale at 24 Ray Place #1-4, Scarsdale, NY, 10583 generates $3,000/mo in rent, after a $3,206/mo payment. Total monthly income is $3,000/mo. Return on cash invested sits at 12.41% in year one, and rental yield is 5.5% on a $655,000 entry. Equity gained on principal adds $4,227/yr, while 5% annual appreciation builds toward $180,964 over five years. Five-year ROI reaches 63.23% and total cumulative return in cash sums $136,259. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,000/mo property income rather than buyer’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10583, Scarsdale, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,618 (100%) |
| Owner Occupied HU | 11,995 (82.1%) |
| Renter Occupied HU | 1,907 (13.0%) |
| Vacant Housing Units | 716 ( 4.9%) |
| Median Home Value | $1,134,279 |
| Average Home Value | $1,231,452 |
Housing Distribution
Address Breakdown
Residential
14,496
Single Family
11,095
Multi-Family
3,401
Businesses
1,286
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