744 Heritage Hills #BSomersNY10589
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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 Somers at 744 Heritage Hills #B, Somers, NY, 10589 uses $203,651 cash to close to unlock $15,193/yr annual cash flow and $1,266/mo monthly cash flow. Total monthly income runs $5,400/mo, and a $3,030/mo payment keeps the spread at $1,266/mo. Purchase price stands at $619,000, and rental yield measures 10.47% with $5,400/mo rent. Return on cash invested shows 27.52% in year one, and 5% annual appreciation builds toward $171,018 over five years. Five-year ROI reaches 144.29% and total cumulative return in cash records $293,857. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,400/mo property income covering a $3,030/mo payment rather than investor’s personal income.
Condo
Built in 1996
0.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10589, Somers, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,434 (100%) |
| Owner Occupied HU | 3,590 (81.0%) |
| Renter Occupied HU | 457 (10.3%) |
| Vacant Housing Units | 387 ( 8.7%) |
| Median Home Value | $613,996 |
| Average Home Value | $644,221 |
Housing Distribution
Address Breakdown
Residential
3,905
Single Family
3,905
Multi-Family
0
Businesses
305
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