1 Miller LaneNew PaltzNY12561
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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 New Paltz at 1 Miller Lane, New Paltz, NY, 12561 uses $122,324 cash to close to unlock $11,987/yr annual cash flow and $999/mo monthly cash flow. Total monthly income runs $3,463/mo, and a $1,806/mo payment keeps the spread at $999/mo. Purchase price stands at $369,000, and rental yield measures 11.26% with $3,463/mo rent. Return on cash invested shows 29.71% in year one, and 5% annual appreciation builds toward $101,948 over five years. Five-year ROI reaches 156.02% and total cumulative return in cash records $190,851. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,463/mo property income covering a $1,806/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12561, New Paltz, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,627 (100%) |
| Owner Occupied HU | 4,089 (53.6%) |
| Renter Occupied HU | 2,682 (35.2%) |
| Vacant Housing Units | 856 (11.2%) |
| Median Home Value | $467,188 |
| Average Home Value | $526,502 |
Housing Distribution
Address Breakdown
Residential
6,635
Single Family
6,230
Multi-Family
405
Businesses
688
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