92 Rodeo DriveNorth SalemNY10560
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 North Salem at 92 Rodeo Drive, North Salem, NY, 10560 offers $2,353/mo rent that, after a $1,708/mo payment, leaves $23/mo cash flow. Total monthly income is $2,353/mo, and annual cash flow is $271/yr on $115,694 cash. Return on cash invested measures 20.14% in year one, and rental yield stands at 8.09% at a $349,000 entry. Equity gained on principal adds $2,252/yr while 5% annual appreciation compounds into $96,422 by year five. Five-year ROI records 104.75% and total cumulative return in cash reaches $121,188. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,353/mo property income versus a $1,708/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
0.27 Acres 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: Brian Ivanhoe • Houlihan Lawrence Inc.
Mls Name: OneKey MLS
Mls ID: #892936