10 Patrick LaneRidgeNY11961
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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 Ridge at 10 Patrick Lane, Ridge, NY, 11961 uses $197,367 cash to close to unlock $41,006/yr annual cash flow and $3,417/mo monthly cash flow. Total monthly income runs $7,423/mo, and a $2,936/mo payment keeps the spread at $3,417/mo. Purchase price stands at $599,900, and rental yield measures 14.85% with $7,423/mo rent. Return on cash invested shows 40.84% in year one, and 5% annual appreciation builds toward $165,741 over five years. Five-year ROI reaches 215.7% and total cumulative return in cash records $425,716. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,423/mo property income covering a $2,936/mo payment rather than investor’s personal income.
Single Family
Built in 1997
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11961, Ridge, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,306 (100%) |
| Owner Occupied HU | 5,011 (79.5%) |
| Renter Occupied HU | 795 (12.6%) |
| Vacant Housing Units | 500 ( 7.9%) |
| Median Home Value | $515,000 |
| Average Home Value | $519,172 |
Housing Distribution
Address Breakdown
Residential
6,167
Single Family
6,167
Multi-Family
0
Businesses
170
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