Salem RoadPound ridgeNY10576
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 Pound ridge at Salem Road, Pound ridge, NY, 10576 offers $7,404/mo rent that, after a $915/mo payment, leaves $6,156/mo cash flow. Total monthly income is $7,404/mo, and annual cash flow is $73,866/yr on $61,990 cash. Return on cash invested measures 139.07% in year one, and rental yield stands at 47.51% at a $186,999 entry. Equity gained on principal adds $1,207/yr while 5% annual appreciation compounds into $51,664 by year five. Five-year ROI records 742.48% and total cumulative return in cash reaches $460,266. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,404/mo property income versus a $915/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Lot
Built in N/A
2.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10576, Pound Ridge, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,277 (100%) |
| Owner Occupied HU | 1,765 (77.5%) |
| Renter Occupied HU | 268 (11.8%) |
| Vacant Housing Units | 244 (10.7%) |
| Median Home Value | $991,152 |
| Average Home Value | $1,169,421 |
Housing Distribution
Address Breakdown
Residential
1,948
Single Family
1,948
Multi-Family
0
Businesses
173
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Nearby investment properties with comparable prices
Listed by: Andrew Markowitz • Andrew J Markowitz R E LLC
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3563861
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.