523 Heritage Hills #BSomersNY10589
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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 523 Heritage Hills #B, Somers, NY, 10589 offers a 9.69% rental yield on a $669,000 purchase with $5,400/mo rent. Total monthly income registers $5,400/mo, and a $3,274/mo payment leaves $933/mo available for distribution. Annual cash flow reaches $11,195/yr on $220,101 to close, and return on cash invested stands at 25.15% in year one. Equity gained on principal adds $4,317/yr while 5% annual appreciation supports $184,832 over five years. Portfolio math shows five-year ROI at 131.54% and total cumulative return in cash at $289,515. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,400/mo property income against a $3,274/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
0.98 Acres 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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