38 Chester LaneNanuetNY10954
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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 Nanuet at 38 Chester Lane, Nanuet, NY, 10954 offers $2,700/mo rent that, after a $1,840/mo payment, leaves $189/mo cash flow. Total monthly income is $2,700/mo, and annual cash flow is $2,274/yr on $124,644 cash. Return on cash invested measures 21.73% in year one, and rental yield stands at 8.62% at a $376,000 entry. Equity gained on principal adds $2,426/yr while 5% annual appreciation compounds into $103,882 by year five. Five-year ROI records 113.28% and total cumulative return in cash reaches $141,197. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,700/mo property income versus a $1,840/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1987
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10954, Nanuet, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,901 (100%) |
| Owner Occupied HU | 5,711 (64.2%) |
| Renter Occupied HU | 2,789 (31.3%) |
| Vacant Housing Units | 401 ( 4.5%) |
| Median Home Value | $590,645 |
| Average Home Value | $599,916 |
Housing Distribution
Address Breakdown
Residential
8,682
Single Family
8,137
Multi-Family
545
Businesses
1,082
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