97 Old RoadPattersonNY10509
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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 Patterson at 97 Old Road, Patterson, NY, 10509 uses $187,201 cash to close to unlock $4,803/yr annual cash flow and $400/mo monthly cash flow. Total monthly income runs $4,200/mo, and a $2,785/mo payment keeps the spread at $400/mo. Purchase price stands at $569,000, and rental yield measures 8.86% with $4,200/mo rent. Return on cash invested shows 22.63% in year one, and 5% annual appreciation builds toward $157,204 over five years. Five-year ROI reaches 118.04% and total cumulative return in cash records $220,979. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,200/mo property income covering a $2,785/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10509, Brewster, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,575 (100%) |
| Owner Occupied HU | 5,327 (70.3%) |
| Renter Occupied HU | 1,768 (23.3%) |
| Vacant Housing Units | 480 ( 6.3%) |
| Median Home Value | $482,832 |
| Average Home Value | $539,434 |
Housing Distribution
Address Breakdown
Residential
7,276
Single Family
6,813
Multi-Family
463
Businesses
911
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