916 Heritage Drive #ASomersNY10589
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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 Somers at 916 Heritage Drive #A, Somers, NY, 10589 generates $5,400/mo in rent, after a $5,624/mo payment. Total monthly income is $5,400/mo. Return on cash invested sits at 13.04% in year one, and rental yield is 5.64% on a $1,149,000 entry. Equity gained on principal adds $7,414/yr, while 5% annual appreciation builds toward $317,448 over five years. Five-year ROI reaches 66.58% and total cumulative return in cash sums $247,855. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,400/mo property income rather than buyer’s personal income.
Condo
Built in 2005
4,356 sqft 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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