1264 Lake View RdCopakeNY12516
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 Copake at 1264 Lake View Rd, Copake, NY, 12516 priced at $510,000 converts $6,974/mo rent into $3,569/mo cash flow after a $2,496/mo obligation. Total monthly income equals $6,974/mo, and annual cash flow totals $42,822/yr on $167,790 invested. Return on cash invested prints 45.58% in year one, and rental yield reads 16.41% against a $510,000 entry. Equity gained on principal adds $3,291/yr, while 5% annual appreciation compiles into $140,904 by year five. Five-year ROI reaches 241.13% and total cumulative return in cash sums $404,595. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,974/mo property income covering a $2,496/mo payment, not borrower’s personal income.
Single Family
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12516, Copake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,040 (100%) |
| Owner Occupied HU | 506 (48.7%) |
| Renter Occupied HU | 137 (13.2%) |
| Vacant Housing Units | 397 (38.2%) |
| Median Home Value | $373,750 |
| Average Home Value | $461,853 |
Housing Distribution
Address Breakdown
Residential
702
Single Family
702
Multi-Family
0
Businesses
61
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Nearby investment properties with comparable prices
Listed by: Lindsay LeBrecht • Copake Lake Realty Corp.
Mls Name: Columbia Greene Northern Dutchess MLS
Mls Provider:
Mls ID: #153672
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