407 Old Mill RoadSouthfieldsNY10975
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 407 Old Mill Road, Southfields, NY, 10975 in Southfields hard to pass up. The 11.78% gross yield on a $275,000 purchase results in $2,700/mo in rent and $531/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.18). Annual cash flow of $6,367, five-year appreciation of $75,977, and $2,533/yr in equity build-up combine for a projected total cumulative return of $140,451.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.8% | 6.2% |
| Monthly Cash Flow | $531 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,700 |
| Total Monthly Debt Service | $2,060 |
| DSCR Ratio | 1.31x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1972
436 sqft lot
$N/A/sqft
$333 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10975, Southfields, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 170 (100%) |
| Owner Occupied HU | 103 (60.6%) |
| Renter Occupied HU | 49 (28.8%) |
| Vacant Housing Units | 18 (10.6%) |
| Median Home Value | $553,571 |
| Average Home Value | $544,903 |
Housing Distribution
Address Breakdown
Residential
104
Single Family
8
Multi-Family
96
Businesses
33
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1972
436 sqft lot
$N/A/sqft
$333 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10975, Southfields, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 170 (100%) |
| Owner Occupied HU | 103 (60.6%) |
| Renter Occupied HU | 49 (28.8%) |
| Vacant Housing Units | 18 (10.6%) |
| Median Home Value | $553,571 |
| Average Home Value | $544,903 |
Housing Distribution
Address Breakdown
Residential
104
Single Family
8
Multi-Family
96
Businesses
33
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ann M Silvani • Howard Hanna Rand Realty
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #H6317833
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.