470 Main Street #10ArmonkNY10504
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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 Armonk at 470 Main Street #10, Armonk, NY, 10504 generates $9,600/mo in rent and, after a $3,500/mo payment, leaves $4,825/mo in cash flow. Total monthly income is $9,600/mo, and annual cash flow is $57,899/yr on $235,235 invested. Return on cash invested sits at 44.67% in year one, and rental yield is 16.11% on a $715,000 entry. Equity gained on principal adds $4,614/yr, while 5% annual appreciation builds toward $197,541 over five years. Five-year ROI reaches 236.25% and total cumulative return in cash sums $555,741. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $9,600/mo property income rather than buyer’s personal income.
Condo
Built in 2020
0.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10504, Armonk, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,840 (100%) |
| Owner Occupied HU | 2,371 (83.5%) |
| Renter Occupied HU | 307 (10.8%) |
| Vacant Housing Units | 162 ( 5.7%) |
| Median Home Value | $1,252,281 |
| Average Home Value | $1,380,668 |
Housing Distribution
Address Breakdown
Residential
2,775
Single Family
2,644
Multi-Family
131
Businesses
532
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