3 W Lawrence Park Drive #1PiermontNY10968
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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 Piermont at 3 W Lawrence Park Drive #1, Piermont, NY, 10968 offers a 12% rental yield on a $252,000 purchase with $2,520/mo rent. Total monthly income registers $2,520/mo, and a $1,233/mo payment leaves $838/mo available for distribution. Annual cash flow reaches $10,051/yr on $83,538 to close, and return on cash invested stands at 31.94% in year one. Equity gained on principal adds $1,626/yr while 5% annual appreciation supports $69,623 over five years. Portfolio math shows five-year ROI at 168.01% and total cumulative return in cash at $140,354. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,520/mo property income against a $1,233/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1965
436 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10968, Piermont, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,197 (100%) |
| Owner Occupied HU | 661 (55.2%) |
| Renter Occupied HU | 411 (34.3%) |
| Vacant Housing Units | 125 (10.4%) |
| Median Home Value | $858,755 |
| Average Home Value | $947,182 |
Housing Distribution
Address Breakdown
Residential
1,203
Single Family
782
Multi-Family
421
Businesses
120
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