37 E Heritage DrNew CityNY10956
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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 New City at 37 E Heritage Dr, New City, NY, 10956 priced at $500,000 pairs $4,157/mo rent with $368/mo cash flow after a $2,447/mo payment. Total monthly income equals $4,157/mo, and annual cash flow comes to $4,420/yr on $165,750 invested. Return on cash invested is 22.58% in year one, and rental yield stands at 9.98% on a $500,000 basis. Equity gained on principal adds $3,226/yr, and 5% annual appreciation accumulates to $138,141 by year five. Five-year ROI measures 118.97% and total cumulative return in cash reaches $197,192. For financing, Ziffy Mortgage’s DSCR program evaluates $4,157/mo property income against a $2,447/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1972
2,178 sqft lot
$N/A/sqft
$450 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10956, New City, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,703 (100%) |
| Owner Occupied HU | 9,145 (85.4%) |
| Renter Occupied HU | 1,195 (11.2%) |
| Vacant Housing Units | 363 ( 3.4%) |
| Median Home Value | $677,493 |
| Average Home Value | $715,338 |
Housing Distribution
Address Breakdown
Residential
10,501
Single Family
10,229
Multi-Family
272
Businesses
1,136
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