38 Trent UNIT CRidgeNY11961
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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 38 Trent UNIT C, Ridge, NY, 11961 priced at $319,999 converts $4,297/mo rent into $1,729/mo cash flow after a $1,566/mo obligation. Total monthly income equals $4,297/mo, and annual cash flow totals $20,752/yr on $106,080 invested. Return on cash invested prints 39.47% in year one, and rental yield reads 16.11% against a $319,999 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation compiles into $88,410 by year five. Five-year ROI reaches 210.17% and total cumulative return in cash sums $222,951. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,297/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Condo
Built in 1972
817 sqft lot
$N/A/sqft
$431 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: Barbara Catalanotto • Catalanotto Real Estate Group
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3574077
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.