241 Millington RoadCortlandt 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
Rental property for sale in Cortlandt Manor at 241 Millington Road, Cortlandt Manor, NY, 10567 priced at $644,999 pairs $5,580/mo rent with $1,273/mo cash flow after a $3,157/mo payment. Total monthly income equals $5,580/mo, and annual cash flow comes to $15,273/yr on $212,205 invested. Return on cash invested is 27.26% in year one, and rental yield stands at 10.38% on a $644,999 basis. Equity gained on principal adds $4,162/yr, and 5% annual appreciation accumulates to $178,201 by year five. Five-year ROI measures 142.86% and total cumulative return in cash reaches $303,148. For financing, Ziffy Mortgage’s DSCR program evaluates $5,580/mo property income against a $3,157/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1956
0.39 Acres 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: Suzanne E. Shilling • Coldwell Banker Realty
Mls Name: OneKey MLS
Mls ID: #909967