38 Meadowlark LaneWoodridgeNY12789
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
Rental property for sale in Woodridge at 38 Meadowlark Lane, Woodridge, NY, 12789 priced at $245,000 converts $2,220/mo rent into $584/mo cash flow after a $1,199/mo obligation. Total monthly income equals $2,220/mo, and annual cash flow totals $7,009/yr on $81,218 invested. Return on cash invested prints 28.54% in year one, and rental yield reads 10.87% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 149.82% and total cumulative return in cash sums $121,680. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,220/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 1989
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12789, Woodridge, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,692 (100%) |
| Owner Occupied HU | 404 (23.9%) |
| Renter Occupied HU | 377 (22.3%) |
| Vacant Housing Units | 911 (53.8%) |
| Median Home Value | $219,355 |
| Average Home Value | $323,527 |
Housing Distribution
Address Breakdown
Residential
956
Single Family
956
Multi-Family
0
Businesses
76
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