240 S Broadway #16BTarrytownNY10591
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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 Tarrytown at 240 S Broadway #16B, Tarrytown, NY, 10591 uses $109,395 cash to close to unlock $8,922/yr annual cash flow and $744/mo monthly cash flow. Total monthly income runs $2,947/mo, and a $1,615/mo payment keeps the spread at $744/mo. Purchase price stands at $330,000, and rental yield measures 10.72% with $2,947/mo rent. Return on cash invested shows 28.06% in year one, and 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 147.23% and total cumulative return in cash records $161,063. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,947/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Condo
Built in 1975
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10591, Tarrytown, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,038 (100%) |
| Owner Occupied HU | 4,370 (43.5%) |
| Renter Occupied HU | 5,077 (50.6%) |
| Vacant Housing Units | 591 ( 5.9%) |
| Median Home Value | $776,148 |
| Average Home Value | $899,404 |
Housing Distribution
Address Breakdown
Residential
9,355
Single Family
6,373
Multi-Family
2,982
Businesses
1,036
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