6064 Catalpa AveRidgewoodNY11385
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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 Ridgewood at 6064 Catalpa Ave, Ridgewood, NY, 11385 offers $7,043/mo rent that, after a $7,342/mo payment. Total monthly income is $7,043/mo. Return on cash invested measures 13.03% in year one, and rental yield stands at 5.63% at a $1,500,000 entry. Equity gained on principal adds $9,679/yr while 5% annual appreciation compounds into $414,422 by year five. Five-year ROI records 66.49% and total cumulative return in cash reaches $323,147. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,043/mo property income versus a $7,342/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1930
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11385, Ridgewood, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 39,077 (100%) |
| Owner Occupied HU | 10,033 (25.7%) |
| Renter Occupied HU | 26,467 (67.7%) |
| Vacant Housing Units | 2,577 ( 6.6%) |
| Median Home Value | $895,061 |
| Average Home Value | $939,291 |
Housing Distribution
Address Breakdown
Residential
26,993
Single Family
12,493
Multi-Family
14,500
Businesses
2,575
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