LOT 24 Azalea LnSlate HillNY10973
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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 Slate Hill at LOT 24 Azalea Ln, Slate Hill, NY, 10973 offers $2,040/mo rent that, after a $4,116/mo payment. Total monthly income is $2,040/mo. Return on cash invested measures 4.55% in year one, and rental yield stands at 2.91% at a $840,900 entry. Equity gained on principal adds $5,426/yr while 5% annual appreciation compounds into $232,325 by year five. Five-year ROI records 21.1% and total cumulative return in cash reaches $58,377. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,040/mo property income versus a $4,116/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10973, Slate Hill, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 830 (100%) |
| Owner Occupied HU | 620 (74.7%) |
| Renter Occupied HU | 119 (14.3%) |
| Vacant Housing Units | 91 (11.0%) |
| Median Home Value | $475,000 |
| Average Home Value | $486,000 |
Housing Distribution
Address Breakdown
Residential
705
Single Family
705
Multi-Family
0
Businesses
96
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Listed by: N/A • Equity Homes of NY II
Mls Name: Equity Homes of NY II
Mls ID: #N/A