290 High Avenue #E-2NyackNY10960
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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 Nyack at 290 High Avenue #E-2, Nyack, NY, 10960 priced at $239,000 converts $2,746/mo rent into $744/mo cash flow after a $1,170/mo obligation. Total monthly income equals $2,746/mo, and annual cash flow totals $8,925/yr on $79,229 invested. Return on cash invested prints 31.17% in year one, and rental yield reads 13.79% against a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation compiles into $66,031 by year five. Five-year ROI reaches 166.14% and total cumulative return in cash sums $131,628. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,746/mo property income covering a $1,170/mo payment, not borrower’s personal income.
Condo
Built in 1985
1,742 sqft lot
$N/A/sqft
$406 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10960, Nyack, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,008 (100%) |
| Owner Occupied HU | 3,178 (45.3%) |
| Renter Occupied HU | 3,277 (46.8%) |
| Vacant Housing Units | 553 ( 7.9%) |
| Median Home Value | $784,011 |
| Average Home Value | $864,261 |
Housing Distribution
Address Breakdown
Residential
6,394
Single Family
4,786
Multi-Family
1,608
Businesses
825
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Listed by: Hamid Moghadam • Ellis Sotheby's Intl Realty
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #H6318746
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