4 The LaneSomersNY10589
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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 Somers at 4 The Lane, Somers, NY, 10589 earns from $3,325/mo rent with a $2,570/mo payment. Total monthly income totals $3,325/mo. ROI tracks 18.8% on current figures, and rental yield reads 7.6% at a $525,000 purchase. Equity gained on principal adds $3,388/yr, and 5% annual appreciation supports $145,048 over five years. Five-year ROI reaches 97.51% and total cumulative return in cash sums $168,429. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,325/mo property income instead of your personal income.
Single Family
Built in 1832
3,350 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10589, Somers, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,434 (100%) |
| Owner Occupied HU | 3,590 (81.0%) |
| Renter Occupied HU | 457 (10.3%) |
| Vacant Housing Units | 387 ( 8.7%) |
| Median Home Value | $613,996 |
| Average Home Value | $644,221 |
Housing Distribution
Address Breakdown
Residential
3,905
Single Family
3,905
Multi-Family
0
Businesses
305
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