720 Milton Road #3D WestRyeNY10580
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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 Rye at 720 Milton Road #3D West, Rye, NY, 10580 uses $325,052 cash to close to unlock $64,801/yr annual cash flow and $5,400/mo monthly cash flow. Total monthly income runs $11,998/mo, and a $4,836/mo payment keeps the spread at $5,400/mo. Purchase price stands at $988,000, and rental yield measures 14.57% with $11,998/mo rent. Return on cash invested shows 40% in year one, and 5% annual appreciation builds toward $272,966 over five years. Five-year ROI reaches 211.18% and total cumulative return in cash records $686,440. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $11,998/mo property income covering a $4,836/mo payment rather than investor’s personal income.
Condo
Built in 1963
4.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10580, Rye, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,035 (100%) |
| Owner Occupied HU | 4,664 (66.3%) |
| Renter Occupied HU | 1,856 (26.4%) |
| Vacant Housing Units | 515 ( 7.3%) |
| Median Home Value | $1,758,545 |
| Average Home Value | $1,599,226 |
Housing Distribution
Address Breakdown
Residential
6,460
Single Family
5,196
Multi-Family
1,264
Businesses
633
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