3 Ryan CtRidgeNY11961
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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
Rental property for sale in Ridge at 3 Ryan Ct, Ridge, NY, 11961 offers $6,302/mo rent that, after a $3,417/mo payment, leaves $1,640/mo cash flow. Total monthly income is $6,302/mo, and annual cash flow is $19,681/yr on $229,675 cash. Return on cash invested measures 28.63% in year one, and rental yield stands at 10.83% at a $698,100 entry. Equity gained on principal adds $4,505/yr while 5% annual appreciation compounds into $192,872 by year five. Five-year ROI records 150.24% and total cumulative return in cash reaches $345,055. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,302/mo property income versus a $3,417/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
1.14 Acres 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
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