2046 Gates AveRidgewoodNY11385
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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 Ridgewood at 2046 Gates Ave, Ridgewood, NY, 11385 priced at $989,000 pairs $5,272/mo rent with after a $4,841/mo payment. Total monthly income equals $5,272/mo. Return on cash invested is 15.15% in year one, and rental yield stands at 6.4% on a $989,000 basis. Equity gained on principal adds $6,382/yr, and 5% annual appreciation accumulates to $273,242 by year five. Five-year ROI measures 77.91% and total cumulative return in cash reaches $253,518. For financing, Ziffy Mortgage’s DSCR program evaluates $5,272/mo property income against a $4,841/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11385, Ridgewood, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 39,077 (100%) |
| Owner Occupied HU | 10,033 (25.7%) |
| Renter Occupied HU | 26,467 (67.7%) |
| Vacant Housing Units | 2,577 ( 6.6%) |
| Median Home Value | $895,061 |
| Average Home Value | $939,291 |
Housing Distribution
Address Breakdown
Residential
26,993
Single Family
12,493
Multi-Family
14,500
Businesses
2,575
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