31 State StreetOtisvilleNY10963
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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 Otisville at 31 State Street, Otisville, NY, 10963 uses $112,379 cash to close to unlock $5,957/yr annual cash flow and $496/mo monthly cash flow. Total monthly income runs $2,760/mo, and a $1,659/mo payment keeps the spread at $496/mo. Purchase price stands at $339,000, and rental yield measures 9.77% with $2,760/mo rent. Return on cash invested shows 25.21% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 131.93% and total cumulative return in cash records $148,264. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,760/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Single Family
Built in 1927
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10963, Otisville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,018 (100%) |
| Owner Occupied HU | 726 (71.3%) |
| Renter Occupied HU | 189 (18.6%) |
| Vacant Housing Units | 103 (10.1%) |
| Median Home Value | $420,856 |
| Average Home Value | $455,344 |
Housing Distribution
Address Breakdown
Residential
852
Single Family
809
Multi-Family
43
Businesses
95
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