27 West LanePound RidgeNY10576
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 Pound Ridge at 27 West Lane, Pound Ridge, NY, 10576 priced at $1,829,500 converts $5,580/mo rent into after a $8,954/mo obligation. Total monthly income equals $5,580/mo. Return on cash invested prints 6.93% in year one, and rental yield reads 3.66% against a $1,829,500 entry. Equity gained on principal adds $11,805/yr, while 5% annual appreciation compiles into $505,457 by year five. Five-year ROI reaches 33.82% and total cumulative return in cash sums $200,493. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,580/mo property income covering a $8,954/mo payment, not borrower’s personal income.
Single Family
Built in 1945
3.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10576, Pound Ridge, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,277 (100%) |
| Owner Occupied HU | 1,765 (77.5%) |
| Renter Occupied HU | 268 (11.8%) |
| Vacant Housing Units | 244 (10.7%) |
| Median Home Value | $991,152 |
| Average Home Value | $1,169,421 |
Housing Distribution
Address Breakdown
Residential
1,948
Single Family
1,948
Multi-Family
0
Businesses
173
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paula Waldman • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24096778
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.