259 Newcastle Court #ERidgeNY11961
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ridge at 259 Newcastle Court #E, Ridge, NY, 11961 at $254,900 posts ROI 31.18% with $793/mo cash flow from $2,496/mo rent. Total monthly income equals $2,496/mo, and annual cash flow records $9,521/yr on $84,499 to close. Return on cash invested measures 31.18% and rental yield reads 11.75% at the current $254,900. Equity gained on principal adds $1,645/yr, and 5% annual appreciation supports $70,424 by year five. Five-year ROI prints 163.93% and total cumulative return in cash totals $138,516.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,496/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11961, Ridge, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,306 (100%) |
| Owner Occupied HU | 5,011 (79.5%) |
| Renter Occupied HU | 795 (12.6%) |
| Vacant Housing Units | 500 ( 7.9%) |
| Median Home Value | $515,000 |
| Average Home Value | $519,172 |
Housing Distribution
Address Breakdown
Residential
6,167
Single Family
6,167
Multi-Family
0
Businesses
170
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices