9 Cottage LaneNorth SalemNY10560
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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 North Salem at 9 Cottage Lane, North Salem, NY, 10560 uses $94,809 cash to close to unlock $1,224/yr annual cash flow and $102/mo monthly cash flow. Total monthly income runs $2,012/mo, and a $1,400/mo payment keeps the spread at $102/mo. Purchase price stands at $286,000, and rental yield measures 8.44% with $2,012/mo rent. Return on cash invested shows 21.2% in year one, and 5% annual appreciation builds toward $79,017 over five years. Five-year ROI reaches 110.39% and total cumulative return in cash records $104,660. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,012/mo property income covering a $1,400/mo payment rather than investor’s personal income.
Single Family
Built in 1930
1,930 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10560, North Salem, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,929 (100%) |
| Owner Occupied HU | 1,361 (70.6%) |
| Renter Occupied HU | 319 (16.5%) |
| Vacant Housing Units | 249 (12.9%) |
| Median Home Value | $734,539 |
| Average Home Value | $887,667 |
Housing Distribution
Address Breakdown
Residential
1,673
Single Family
1,673
Multi-Family
0
Businesses
140
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Listed by: Leonore Garvey • Coldwell Banker Village Green
Mls Name: OneKey MLS
Mls ID: #920244