38 Chippendale DriveMount SinaiNY11766
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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 Mount Sinai at 38 Chippendale Drive, Mount Sinai, NY, 11766 listed at $499,000 pairs $4,460/mo rent with a $2,442/mo payment to leave $603/mo cash flow. Total monthly income runs $4,460/mo, and annual cash flow reaches $7,237/yr on $165,419 cash to close. Return on cash invested measures 24.28% in year one, and rental yield registers 10.73% at a $499,000 basis. Equity gained on principal adds $3,220/yr, and annual property appreciation at 5% supports $137,865 by year five. Five-year ROI tracks 128.35% and total cumulative return in cash totals $212,310. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,460/mo property income relative to a $2,442/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1986
2,178 sqft lot
$N/A/sqft
$525 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11766, Mount Sinai, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,697 (100%) |
| Owner Occupied HU | 4,185 (89.1%) |
| Renter Occupied HU | 276 ( 5.9%) |
| Vacant Housing Units | 236 ( 5.0%) |
| Median Home Value | $694,368 |
| Average Home Value | $743,371 |
Housing Distribution
Address Breakdown
Residential
4,505
Single Family
3,902
Multi-Family
603
Businesses
393
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Nearby investment properties with comparable prices
Listed by: Craig J. Winters SFR • Keller Williams Points North
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #845911
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