66 Drake RoadScarsdaleNY10583
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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 Scarsdale at 66 Drake Road, Scarsdale, NY, 10583 priced at $1,999,999 converts $6,117/mo rent into after a $9,789/mo obligation. Total monthly income equals $6,117/mo. Return on cash invested prints 6.96% in year one, and rental yield reads 3.67% against a $1,999,999 entry. Equity gained on principal adds $12,906/yr, while 5% annual appreciation compiles into $552,563 by year five. Five-year ROI reaches 33.99% and total cumulative return in cash sums $220,243. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,117/mo property income covering a $9,789/mo payment, not borrower’s personal income.
Single Family
Built in 1900
5,568 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10583, Scarsdale, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,618 (100%) |
| Owner Occupied HU | 11,995 (82.1%) |
| Renter Occupied HU | 1,907 (13.0%) |
| Vacant Housing Units | 716 ( 4.9%) |
| Median Home Value | $1,134,279 |
| Average Home Value | $1,231,452 |
Housing Distribution
Address Breakdown
Residential
14,496
Single Family
11,095
Multi-Family
3,401
Businesses
1,286
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