54 Lockwood RoadSouth SalemNY10590
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
Investment Highlights
Investment property for sale in South Salem at 54 Lockwood Road, South Salem, NY, 10590 with 5% annual appreciation on a $949,000 basis while $6,960/mo rent supports operations. Total monthly income totals $6,960/mo and a $4,645/mo payment preserves $623/mo for cash returns. Annual cash flow comes to $7,471/yr on $312,221 deployed, and return on cash invested reaches 22.45% in year one. Equity gained on principal adds $6,124/yr, and five-year appreciation sums $262,191 alongside rental yield of 8.8%. Five-year ROI measures 117.1% and total cumulative return in cash totals $365,616.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,960/mo property income versus a $4,645/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
3.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10590, South Salem, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,521 (100%) |
| Owner Occupied HU | 2,053 (81.4%) |
| Renter Occupied HU | 211 ( 8.4%) |
| Vacant Housing Units | 257 (10.2%) |
| Median Home Value | $829,944 |
| Average Home Value | $919,282 |
Housing Distribution
Address Breakdown
Residential
2,502
Single Family
2,502
Multi-Family
0
Businesses
167
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: AnnMarie Sementilli • Julia B Fee Sothebys Int. Rlty
Mls Name: OneKey MLS
Mls ID: #948692