22 Richmond PlaceCortlandt ManorNY10567
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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
Investment property for sale in Cortlandt Manor at 22 Richmond Place, Cortlandt Manor, NY, 10567 listed at $649,999 pairs $11,640/mo rent with a $3,181/mo payment to leave $7,300/mo cash flow. Total monthly income runs $11,640/mo, and annual cash flow reaches $87,598/yr on $213,850 cash to close. Return on cash invested measures 61.02% in year one, and rental yield registers 21.49% at a $649,999 basis. Equity gained on principal adds $4,194/yr, and annual property appreciation at 5% supports $179,583 by year five. Five-year ROI tracks 323.91% and total cumulative return in cash totals $692,689. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $11,640/mo property income relative to a $3,181/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
9,251 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10567, Cortlandt Manor, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,221 (100%) |
| Owner Occupied HU | 5,858 (81.1%) |
| Renter Occupied HU | 861 (11.9%) |
| Vacant Housing Units | 502 ( 7.0%) |
| Median Home Value | $589,979 |
| Average Home Value | $635,451 |
Housing Distribution
Address Breakdown
Residential
6,775
Single Family
6,613
Multi-Family
162
Businesses
328
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Listed by: Luanne McGann • Century 21 Full Service Realty
Mls Name: OneKey MLS
Mls ID: #915096