180 Simpson RoadCarmelNY10512
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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 Carmel at 180 Simpson Road, Carmel, NY, 10512 priced at $810,000 converts $6,900/mo rent into $1,491/mo cash flow after a $3,965/mo obligation. Total monthly income equals $6,900/mo, and annual cash flow totals $17,886/yr on $266,490 invested. Return on cash invested prints 26.77% in year one, and rental yield reads 10.22% against a $810,000 entry. Equity gained on principal adds $5,227/yr, while 5% annual appreciation compiles into $223,788 by year five. Five-year ROI reaches 140.26% and total cumulative return in cash sums $373,767. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,900/mo property income covering a $3,965/mo payment, not borrower’s personal income.
Single Family
Built in 2007
4.42 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
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