963 Sierra Vista LaneValley CottageNY10989
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 Valley Cottage at 963 Sierra Vista Lane, Valley Cottage, NY, 10989 priced at $289,900 converts $2,551/mo rent into $261/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,551/mo, and annual cash flow totals $3,132/yr on $96,102 invested. Return on cash invested prints 23.17% in year one, and rental yield reads 10.56% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 122.6% and total cumulative return in cash sums $117,825. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,551/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Condo
Built in 1975
1,742 sqft lot
$N/A/sqft
$354 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10989, Valley Cottage, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,617 (100%) |
| Owner Occupied HU | 2,869 (79.3%) |
| Renter Occupied HU | 600 (16.6%) |
| Vacant Housing Units | 148 ( 4.1%) |
| Median Home Value | $580,926 |
| Average Home Value | $587,576 |
Housing Distribution
Address Breakdown
Residential
3,429
Single Family
2,424
Multi-Family
1,005
Businesses
266
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Listed by: Elena Bertussi-Bachman • Howard Hanna Rand Realty
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #841931
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