4 Manor Drive UNIT 4CornwallNY12518
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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
Rental property for sale in Cornwall at 4 Manor Drive UNIT 4, Cornwall, NY, 12518 priced at $164,000 converts $2,432/mo rent into $642/mo cash flow after a $803/mo obligation. Total monthly income equals $2,432/mo, and annual cash flow totals $7,698/yr on $54,366 invested. Return on cash invested prints 34.07% in year one, and rental yield reads 17.8% against a $164,000 entry. Equity gained on principal adds $1,058/yr, while 5% annual appreciation compiles into $45,310 by year five. Five-year ROI reaches 185.01% and total cumulative return in cash sums $100,581. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,432/mo property income covering a $803/mo payment, not borrower’s personal income.
Condo
Built in 1965
N/A lot
$N/A/sqft
$695 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12518, Cornwall, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,731 (100%) |
| Owner Occupied HU | 1,695 (62.1%) |
| Renter Occupied HU | 885 (32.4%) |
| Vacant Housing Units | 151 ( 5.5%) |
| Median Home Value | $482,821 |
| Average Home Value | $545,888 |
Housing Distribution
Address Breakdown
Residential
2,296
Single Family
1,997
Multi-Family
299
Businesses
266
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Listed by: James Cavalari • Keller Williams Realty NYC Grp
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #H6327411
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