329 Woodbridge Drive #ARidgeNY11961
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 329 Woodbridge Drive #A, Ridge, NY, 11961 with 5% annual appreciation on a $419,000 basis while $3,000/mo rent supports operations. Total monthly income totals $3,000/mo and a $2,051/mo payment preserves $202/mo for cash returns. Annual cash flow comes to $2,421/yr on $138,899 deployed, and return on cash invested reaches 21.65% in year one. Equity gained on principal adds $2,704/yr, and five-year appreciation sums $115,762 alongside rental yield of 8.59%. Five-year ROI measures 112.83% and total cumulative return in cash totals $156,725.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,000/mo property income versus a $2,051/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1977
1,378 sqft 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