11 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 11 Patrick Lane, Ridge, NY, 11961 listed at $625,000 pairs $7,423/mo rent with a $3,059/mo payment to leave $3,249/mo cash flow. Total monthly income runs $7,423/mo, and annual cash flow reaches $38,993/yr on $205,625 cash to close. Return on cash invested measures 39.02% in year one, and rental yield registers 14.25% at a $625,000 basis. Equity gained on principal adds $4,033/yr, and annual property appreciation at 5% supports $172,676 by year five. Five-year ROI tracks 205.97% and total cumulative return in cash totals $423,517. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,423/mo property income relative to a $3,059/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1990
0.74 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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