302-306 Piermont AvePiermontNY10968
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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 302-306 Piermont Ave, Piermont, NY, 10968 uses $356,368 cash to close to unlock $4,542/yr annual cash flow and $379/mo monthly cash flow. Total monthly income runs $7,723/mo, and a $5,383/mo payment keeps the spread at $379/mo. Purchase price stands at $1,099,900, and rental yield measures 8.43% with $7,723/mo rent. Return on cash invested shows 21.64% in year one, and 5% annual appreciation builds toward $303,882 over five years. Five-year ROI reaches 112.71% and total cumulative return in cash records $401,652. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,723/mo property income covering a $5,383/mo payment rather than investor’s personal income.
Multi Family
Built in N/A
N/A 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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