14 Hopkins Point RdFort CovingtonNY12937
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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 Fort Covington at 14 Hopkins Point Rd, Fort Covington, NY, 12937 uses $127,628 cash to close to unlock $9,641/yr annual cash flow and $803/mo monthly cash flow. Total monthly income runs $3,374/mo, and a $1,884/mo payment keeps the spread at $803/mo. Purchase price stands at $385,000, and rental yield measures 10.52% with $3,374/mo rent. Return on cash invested shows 27.46% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 144.01% and total cumulative return in cash records $183,790. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,374/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Single Family
Built in 1998
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12937, Fort Covington, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 723 (100%) |
| Owner Occupied HU | 477 (66.0%) |
| Renter Occupied HU | 115 (15.9%) |
| Vacant Housing Units | 131 (18.1%) |
| Median Home Value | $120,577 |
| Average Home Value | $214,109 |
Housing Distribution
Address Breakdown
Residential
507
Single Family
507
Multi-Family
0
Businesses
30
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Listed by: Justin Brown • Let's Move Realty, LLC
Mls Name: ACVMLS
Mls ID: #204784