69 Enfield Court #BRidgeNY11961
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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 Ridge at 69 Enfield Court #B, Ridge, NY, 11961 priced at $369,900 converts $3,000/mo rent into $530/mo cash flow after a $1,810/mo obligation. Total monthly income equals $3,000/mo, and annual cash flow totals $6,364/yr on $122,622 invested. Return on cash invested prints 25.1% in year one, and rental yield reads 9.73% against a $369,900 entry. Equity gained on principal adds $2,387/yr, while 5% annual appreciation compiles into $102,197 by year five. Five-year ROI reaches 131.34% and total cumulative return in cash sums $161,050. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,000/mo property income covering a $1,810/mo payment, not borrower’s personal income.
Condo
Built in 1975
1,298 sqft lot
$N/A/sqft
No 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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