119 Exmore Court #ARidgeNY11961
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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 119 Exmore Court #A, Ridge, NY, 11961 priced at $342,000 converts $3,000/mo rent into $716/mo cash flow after a $1,674/mo obligation. Total monthly income equals $3,000/mo, and annual cash flow totals $8,593/yr on $113,373 invested. Return on cash invested prints 27.49% in year one, and rental yield reads 10.53% against a $342,000 entry. Equity gained on principal adds $2,207/yr, while 5% annual appreciation compiles into $94,488 by year five. Five-year ROI reaches 144.17% and total cumulative return in cash sums $163,450. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,000/mo property income covering a $1,674/mo payment, not borrower’s personal income.
Condo
Built in 1973
1,208 sqft 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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