7 Lookout PlaceArdsleyNY10502
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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 Ardsley at 7 Lookout Place, Ardsley, NY, 10502 generates $7,620/mo in rent and, after a $3,911/mo payment, leaves $2,284/mo in cash flow. Total monthly income is $7,620/mo, and annual cash flow is $27,409/yr on $262,871 invested. Return on cash invested sits at 30.49% in year one, and rental yield is 11.44% on a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 160.19% and total cumulative return in cash sums $421,098. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,620/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
7,836 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10502, Ardsley, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,255 (100%) |
| Owner Occupied HU | 1,850 (82.0%) |
| Renter Occupied HU | 311 (13.8%) |
| Vacant Housing Units | 94 ( 4.2%) |
| Median Home Value | $855,758 |
| Average Home Value | $929,900 |
Housing Distribution
Address Breakdown
Residential
2,074
Single Family
1,810
Multi-Family
264
Businesses
281
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