277D Berwick ctRidgeNY11961
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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 Ridge at 277D Berwick ct, Ridge, NY, 11961 earns $1,199/mo cash flow from $3,343/mo rent with a $1,219/mo payment. Total monthly income totals $3,343/mo, and annual cash flow totals $14,387/yr on $82,544 capital. ROI tracks 37.34% on current figures, and rental yield reads 16.11% at a $249,000 purchase. Equity gained on principal adds $1,607/yr, and 5% annual appreciation supports $68,794 over five years. Five-year ROI reaches 199.47% and total cumulative return in cash sums $164,648. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,343/mo property income instead of your personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
$481 monthly 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
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Listed by: Jennifer Lenzo • Island Advantage Realty LLC
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #858082
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