40 Tanager Road #4002MonroeNY10950
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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 Monroe at 40 Tanager Road #4002, Monroe, NY, 10950 uses $75,914 cash to close to unlock $14,767/yr annual cash flow and $1,231/mo monthly cash flow. Total monthly income runs $2,760/mo, and a $1,121/mo payment keeps the spread at $1,231/mo. Purchase price stands at $229,000, and rental yield measures 14.46% with $2,760/mo rent. Return on cash invested shows 39.36% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 207.83% and total cumulative return in cash records $157,769. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,760/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Condo
Built in 1970
436 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10950, Monroe, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,687 (100%) |
| Owner Occupied HU | 9,996 (56.5%) |
| Renter Occupied HU | 6,342 (35.9%) |
| Vacant Housing Units | 1,349 ( 7.6%) |
| Median Home Value | $515,468 |
| Average Home Value | $571,319 |
Housing Distribution
Address Breakdown
Residential
17,173
Single Family
16,553
Multi-Family
620
Businesses
880
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