15 Lake Gilead RoadCarmelNY10512
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
Investment property for sale in Carmel at 15 Lake Gilead Road, Carmel, NY, 10512 listed at $699,000 pairs $6,900/mo rent with a $3,421/mo payment to leave $2,232/mo cash flow. Total monthly income runs $6,900/mo, and annual cash flow reaches $26,789/yr on $229,971 cash to close. Return on cash invested measures 31.71% in year one, and rental yield registers 11.85% at a $699,000 basis. Equity gained on principal adds $4,511/yr, and annual property appreciation at 5% supports $193,121 by year five. Five-year ROI tracks 166.73% and total cumulative return in cash totals $383,438. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,900/mo property income relative to a $3,421/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1971
1.64 Acres lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices