11 Cobblestone DriveRidgeNY11961
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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
Rental property for sale in Ridge at 11 Cobblestone Drive, Ridge, NY, 11961 priced at $685,000 converts $7,423/mo rent into $2,848/mo cash flow after a $3,353/mo obligation. Total monthly income equals $7,423/mo, and annual cash flow totals $34,181/yr on $225,365 invested. Return on cash invested prints 35.23% in year one, and rental yield reads 13% against a $685,000 entry. Equity gained on principal adds $4,420/yr, while 5% annual appreciation compiles into $189,253 by year five. Five-year ROI reaches 185.61% and total cumulative return in cash sums $418,294. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,423/mo property income covering a $3,353/mo payment, not borrower’s personal income.
Single Family
Built in 1989
0.72 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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