14 Red Oak LaneCortlandt ManorNY10567
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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 Cortlandt Manor at 14 Red Oak Lane, Cortlandt Manor, NY, 10567 priced at $989,000 converts $11,640/mo rent into $4,994/mo cash flow after a $4,841/mo obligation. Total monthly income equals $11,640/mo, and annual cash flow totals $59,923/yr on $325,381 invested. Return on cash invested prints 38.48% in year one, and rental yield reads 14.12% against a $989,000 entry. Equity gained on principal adds $6,382/yr, while 5% annual appreciation compiles into $273,242 by year five. Five-year ROI reaches 203.07% and total cumulative return in cash sums $660,762. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $11,640/mo property income covering a $4,841/mo payment, not borrower’s personal income.
Single Family
Built in 2001
0.57 Acres lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10567, Cortlandt Manor, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,221 (100%) |
| Owner Occupied HU | 5,858 (81.1%) |
| Renter Occupied HU | 861 (11.9%) |
| Vacant Housing Units | 502 ( 7.0%) |
| Median Home Value | $589,979 |
| Average Home Value | $635,451 |
Housing Distribution
Address Breakdown
Residential
6,775
Single Family
6,613
Multi-Family
162
Businesses
328
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Listed by: Angela C. Lanni • Houlihan Lawrence Inc.
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #806935
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