537 Heritage Hills #DSomersNY10589
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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 537 Heritage Hills #D, Somers, NY, 10589 uses $197,400 cash to close to unlock $16,716/yr annual cash flow and $1,393/mo monthly cash flow. Total monthly income runs $5,400/mo, and a $2,937/mo payment keeps the spread at $1,393/mo. Purchase price stands at $600,000, and rental yield measures 10.8% with $5,400/mo rent. Return on cash invested shows 28.53% in year one, and 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 149.67% and total cumulative return in cash records $295,452. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,400/mo property income covering a $2,937/mo payment rather than investor’s personal income.
Condo
Built in 1986
1.06 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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