8 Morningside RoadNew CityNY10956
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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 New City at 8 Morningside Road, New City, NY, 10956 uses $140,888 cash to close to unlock $40,105/yr annual cash flow and $3,342/mo monthly cash flow. Total monthly income runs $6,180/mo, and a $2,080/mo payment keeps the spread at $3,342/mo. Purchase price stands at $425,000, and rental yield measures 17.45% with $6,180/mo rent. Return on cash invested shows 48.37% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 256.16% and total cumulative return in cash records $360,893. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,180/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1929
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10956, New City, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,703 (100%) |
| Owner Occupied HU | 9,145 (85.4%) |
| Renter Occupied HU | 1,195 (11.2%) |
| Vacant Housing Units | 363 ( 3.4%) |
| Median Home Value | $677,493 |
| Average Home Value | $715,338 |
Housing Distribution
Address Breakdown
Residential
10,501
Single Family
10,229
Multi-Family
272
Businesses
1,136
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