601 Village DriveBrewsterNY10509
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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 Brewster at 601 Village Drive, Brewster, NY, 10509 priced at $300,000 converts $2,400/mo rent into $397/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,400/mo, and annual cash flow totals $4,764/yr on $99,450 invested. Return on cash invested prints 24.7% in year one, and rental yield reads 9.6% against a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,884 by year five. Five-year ROI reaches 129.16% and total cumulative return in cash sums $128,448. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Condo
Built in 1978
436 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10509, Brewster, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,575 (100%) |
| Owner Occupied HU | 5,327 (70.3%) |
| Renter Occupied HU | 1,768 (23.3%) |
| Vacant Housing Units | 480 ( 6.3%) |
| Median Home Value | $482,832 |
| Average Home Value | $539,434 |
Housing Distribution
Address Breakdown
Residential
7,276
Single Family
6,813
Multi-Family
463
Businesses
911
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