247 Smith Ridge RoadSouth SalemNY10590
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
Rental property for sale in South Salem at 247 Smith Ridge Road, South Salem, NY, 10590 priced at $719,000 converts $7,043/mo rent into $2,242/mo cash flow after a $3,519/mo obligation. Total monthly income equals $7,043/mo, and annual cash flow totals $26,901/yr on $236,551 invested. Return on cash invested prints 31.43% in year one, and rental yield reads 11.75% against a $719,000 entry. Equity gained on principal adds $4,640/yr, while 5% annual appreciation compiles into $198,646 by year five. Five-year ROI reaches 165.25% and total cumulative return in cash sums $390,905. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,043/mo property income covering a $3,519/mo payment, not borrower’s personal income.
Single Family
Built in 1956
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10590, South Salem, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,521 (100%) |
| Owner Occupied HU | 2,053 (81.4%) |
| Renter Occupied HU | 211 ( 8.4%) |
| Vacant Housing Units | 257 (10.2%) |
| Median Home Value | $829,944 |
| Average Home Value | $919,282 |
Housing Distribution
Address Breakdown
Residential
2,502
Single Family
2,502
Multi-Family
0
Businesses
167
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cynthia David • William Raveis-New York, LLC
Mls Name: OneKey MLS
Mls ID: #934736