7 Harrows LanePurchaseNY10577
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 Purchase at 7 Harrows Lane, Purchase, NY, 10577 priced at $1,699,000 converts $5,508/mo rent into after a $8,316/mo obligation. Total monthly income equals $5,508/mo. Return on cash invested prints 7.64% in year one, and rental yield reads 3.89% against a $1,699,000 entry. Equity gained on principal adds $10,963/yr, while 5% annual appreciation compiles into $469,402 by year five. Five-year ROI reaches 37.63% and total cumulative return in cash sums $207,161. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,508/mo property income covering a $8,316/mo payment, not borrower’s personal income.
Single Family
Built in 1988
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10577, Purchase, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,065 (100%) |
| Owner Occupied HU | 575 (54.0%) |
| Renter Occupied HU | 276 (25.9%) |
| Vacant Housing Units | 214 (20.1%) |
| Median Home Value | $1,377,336 |
| Average Home Value | $1,456,870 |
Housing Distribution
Address Breakdown
Residential
819
Single Family
819
Multi-Family
0
Businesses
375
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices