167 C Ventry CourtRidgeNY11961
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 Ridge at 167 C Ventry Court, Ridge, NY, 11961 uses $71,438 cash to close to unlock $656/yr annual cash flow and $55/mo monthly cash flow. Total monthly income runs $1,494/mo, and a $1,055/mo payment keeps the spread at $55/mo. Purchase price stands at $215,500, and rental yield measures 8.32% with $1,494/mo rent. Return on cash invested shows 20.83% in year one, and 5% annual appreciation builds toward $59,539 over five years. Five-year ROI reaches 108.4% and total cumulative return in cash records $77,438. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,494/mo property income covering a $1,055/mo payment rather than investor’s personal income.
Condo
Built in 1972
665 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices