656 Heritage Hills Drive #CSomersNY10589
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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 656 Heritage Hills Drive #C, Somers, NY, 10589 earns $1,160/mo cash flow from $5,400/mo rent with a $3,108/mo payment. Total monthly income totals $5,400/mo, and annual cash flow totals $13,917/yr on $208,882 capital. ROI tracks 26.72% on current figures, and rental yield reads 10.21% at a $634,900 purchase. Equity gained on principal adds $4,097/yr, and 5% annual appreciation supports $175,411 over five years. Five-year ROI reaches 140% and total cumulative return in cash sums $292,429. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,400/mo property income instead of your personal income.
Condo
Built in 1994
1 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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