9 Westminster WayPomonaNY10970
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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 Pomona at 9 Westminster Way, Pomona, NY, 10970 priced at $1,360,000 converts $4,770/mo rent into after a $6,657/mo obligation. Total monthly income equals $4,770/mo. Return on cash invested prints 8.63% in year one, and rental yield reads 4.21% against a $1,360,000 entry. Equity gained on principal adds $8,776/yr, while 5% annual appreciation compiles into $375,743 by year five. Five-year ROI reaches 42.9% and total cumulative return in cash sums $189,025. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,770/mo property income covering a $6,657/mo payment, not borrower’s personal income.
Condo
Built in 2015
1,307 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10970, Pomona, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,064 (100%) |
| Owner Occupied HU | 2,989 (73.5%) |
| Renter Occupied HU | 889 (21.9%) |
| Vacant Housing Units | 186 ( 4.6%) |
| Median Home Value | $545,796 |
| Average Home Value | $574,042 |
Housing Distribution
Address Breakdown
Residential
4,106
Single Family
2,830
Multi-Family
1,276
Businesses
410
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