1262 County Road 2OliveNY12461
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Olive at 1262 County Road 2, Olive, NY, 12461 priced at $425,000 converts $4,926/mo rent into $2,088/mo cash flow after a $2,080/mo obligation. Total monthly income equals $4,926/mo, and annual cash flow totals $25,057/yr on $140,888 invested. Return on cash invested prints 37.69% in year one, and rental yield reads 13.91% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 198.89% and total cumulative return in cash sums $280,205. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,926/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 1988
4.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12461, Olivebridge, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,047 (100%) |
| Owner Occupied HU | 625 (59.7%) |
| Renter Occupied HU | 146 (13.9%) |
| Vacant Housing Units | 276 (26.4%) |
| Median Home Value | $457,207 |
| Average Home Value | $538,176 |
Housing Distribution
Address Breakdown
Residential
837
Single Family
837
Multi-Family
0
Businesses
25
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Nearby investment properties with comparable prices
Listed by: Steven Asher Cohen • Berkshire Hathaway Homeservice
Mls Name: UCBR
Mls Provider:
Mls ID: #20242963
Disclaimer: IDX information 2024 by the Multiple Listing Service of Ulster County, Inc. All Rights Reserved. The data relating to real estate on this website comes in part from the IDX of the Multiple Listing Service of Ulster County, Inc. Information is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.