7 E Lawrence Park Drive UNIT 1PiermontNY10968
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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 Piermont at 7 E Lawrence Park Drive UNIT 1, Piermont, NY, 10968 earns $117/mo cash flow from $2,520/mo rent with a $1,395/mo payment. Total monthly income totals $2,520/mo, and annual cash flow totals $1,401/yr on $94,478 capital. ROI tracks 21.39% on current figures, and rental yield reads 10.61% at a $285,000 purchase. Equity gained on principal adds $1,839/yr, and 5% annual appreciation supports $78,740 over five years. Five-year ROI reaches 113.74% and total cumulative return in cash sums $107,454. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,520/mo property income instead of your personal income.
Condo
Built in 1965
436 sqft lot
$N/A/sqft
$500 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10968, Piermont, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,197 (100%) |
| Owner Occupied HU | 661 (55.2%) |
| Renter Occupied HU | 411 (34.3%) |
| Vacant Housing Units | 125 (10.4%) |
| Median Home Value | $858,755 |
| Average Home Value | $947,182 |
Housing Distribution
Address Breakdown
Residential
1,203
Single Family
782
Multi-Family
421
Businesses
120
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Nearby investment properties with comparable prices
Listed by: Diane S Mitchell • Wright Bros Real Estate Inc.
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #H6324662
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