21 Carnaby Street #CWappingers FallsNY12590
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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 Wappingers Falls at 21 Carnaby Street #C, Wappingers Falls, NY, 12590 offers $1,539/mo rent that, after a $978/mo payment, leaves $205/mo cash flow. Total monthly income is $1,539/mo, and annual cash flow is $2,454/yr on $66,267 cash. Return on cash invested measures 23.61% in year one, and rental yield stands at 9.24% at a $199,900 entry. Equity gained on principal adds $1,290/yr while 5% annual appreciation compounds into $55,229 by year five. Five-year ROI records 123.37% and total cumulative return in cash reaches $81,757. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,539/mo property income versus a $978/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1973
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12590, Wappingers Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,965 (100%) |
| Owner Occupied HU | 9,733 (65.0%) |
| Renter Occupied HU | 4,547 (30.4%) |
| Vacant Housing Units | 685 ( 4.6%) |
| Median Home Value | $432,099 |
| Average Home Value | $475,631 |
Housing Distribution
Address Breakdown
Residential
14,289
Single Family
12,472
Multi-Family
1,817
Businesses
1,000
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Listed by: Pamela S. Kandel • Houlihan Lawrence Inc.
Mls Name: OneKey MLS
Mls ID: #925560