655 N BroadwayNyackNY10960
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
Rental property for sale in Nyack at 655 N Broadway, Nyack, NY, 10960 priced at $1,555,000 converts $4,560/mo rent into after a $7,611/mo obligation. Total monthly income equals $4,560/mo. Return on cash invested prints 6.5% in year one, and rental yield reads 3.52% against a $1,555,000 entry. Equity gained on principal adds $10,034/yr, while 5% annual appreciation compiles into $429,618 by year five. Five-year ROI reaches 31.48% and total cumulative return in cash sums $158,615. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,560/mo property income covering a $7,611/mo payment, not borrower’s personal income.
Single Family
Built in 1963
1.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10960, Nyack, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,008 (100%) |
| Owner Occupied HU | 3,178 (45.3%) |
| Renter Occupied HU | 3,277 (46.8%) |
| Vacant Housing Units | 553 ( 7.9%) |
| Median Home Value | $784,011 |
| Average Home Value | $864,261 |
Housing Distribution
Address Breakdown
Residential
6,394
Single Family
4,786
Multi-Family
1,608
Businesses
825
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Nearby investment properties with comparable prices
Listed by: Richard W Ellis • Ellis Sotheby's Intl Realty
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #H6332244
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