71 Manor Drive #71CornwallNY12518
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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
Investment property for sale in Cornwall at 71 Manor Drive #71, Cornwall, NY, 12518 offers a 9.26% rental yield on a $165,000 purchase with $1,273/mo rent. Total monthly income registers $1,273/mo, and a $808/mo payment leaves $171/mo available for distribution. Annual cash flow reaches $2,049/yr on $54,698 to close, and return on cash invested stands at 23.66% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 123.6% and total cumulative return in cash at $67,607. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,273/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1965
N/A lot
$N/A/sqft
No 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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