2102 Martingale DriveCarmelNY10512
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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 2102 Martingale Drive, Carmel, NY, 10512 priced at $340,000 converts $3,299/mo rent into $1,029/mo cash flow after a $1,664/mo obligation. Total monthly income equals $3,299/mo, and annual cash flow totals $12,344/yr on $112,710 invested. Return on cash invested prints 30.86% in year one, and rental yield reads 11.64% against a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,936 by year five. Five-year ROI reaches 162.22% and total cumulative return in cash sums $182,838. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,299/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Condo
Built in 1989
436 sqft 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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