1006 Nutmeg DriveCarmelNY10512
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 Carmel at 1006 Nutmeg Drive, Carmel, NY, 10512 priced at $374,500 converts $3,000/mo rent into $26/mo cash flow after a $1,833/mo obligation. Total monthly income equals $3,000/mo, and annual cash flow totals $314/yr on $124,147 invested. Return on cash invested prints 20.16% in year one, and rental yield reads 9.61% against a $374,500 entry. Equity gained on principal adds $2,417/yr, while 5% annual appreciation compiles into $103,467 by year five. Five-year ROI reaches 106.53% and total cumulative return in cash sums $132,254. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,000/mo property income covering a $1,833/mo payment, not borrower’s personal income.
Condo
Built in 1987
436 sqft lot
$N/A/sqft
$473 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10512, Carmel, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,096 (100%) |
| Owner Occupied HU | 7,530 (74.6%) |
| Renter Occupied HU | 1,797 (17.8%) |
| Vacant Housing Units | 769 ( 7.6%) |
| Median Home Value | $461,515 |
| Average Home Value | $513,780 |
Housing Distribution
Address Breakdown
Residential
10,012
Single Family
9,412
Multi-Family
600
Businesses
711
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Nearby investment properties with comparable prices
Listed by: Karen P. Mcilvenny • Century 21 Alliance Realty Grp
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #843055
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