662 Highland AvenuePeekskillNY10566
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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 Peekskill at 662 Highland Avenue, Peekskill, NY, 10566 priced at $329,000 converts $3,000/mo rent into $803/mo cash flow after a $1,610/mo obligation. Total monthly income equals $3,000/mo, and annual cash flow totals $9,639/yr on $109,064 invested. Return on cash invested prints 28.75% in year one, and rental yield reads 10.94% against a $329,000 entry. Equity gained on principal adds $2,123/yr, while 5% annual appreciation compiles into $90,897 by year five. Five-year ROI reaches 150.91% and total cumulative return in cash sums $164,589. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,000/mo property income covering a $1,610/mo payment, not borrower’s personal income.
Single Family
Built in 1924
4,669 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10566, Peekskill, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,817 (100%) |
| Owner Occupied HU | 4,976 (46.0%) |
| Renter Occupied HU | 4,940 (45.7%) |
| Vacant Housing Units | 901 ( 8.3%) |
| Median Home Value | $379,958 |
| Average Home Value | $437,316 |
Housing Distribution
Address Breakdown
Residential
9,323
Single Family
6,608
Multi-Family
2,715
Businesses
855
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