48 Banksville AvenueBedfordNY10506
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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 Bedford at 48 Banksville Avenue, Bedford, NY, 10506 generates $6,720/mo in rent and, after a $4,155/mo payment, leaves $1,051/mo in cash flow. Total monthly income is $6,720/mo, and annual cash flow is $12,611/yr on $279,321 invested. Return on cash invested sits at 24.58% in year one, and rental yield is 9.5% on a $849,000 entry. Equity gained on principal adds $5,478/yr, while 5% annual appreciation builds toward $234,563 over five years. Five-year ROI reaches 128.47% and total cumulative return in cash sums $358,844. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,720/mo property income rather than buyer’s personal income.
Single Family
Built in 1927
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10506, Bedford, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,154 (100%) |
| Owner Occupied HU | 1,713 (79.5%) |
| Renter Occupied HU | 204 ( 9.5%) |
| Vacant Housing Units | 237 (11.0%) |
| Median Home Value | $1,235,841 |
| Average Home Value | $1,327,998 |
Housing Distribution
Address Breakdown
Residential
2,027
Single Family
2,027
Multi-Family
0
Businesses
256
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