15 White Gate DriveWappingers FallsNY12590
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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
Rental property for sale in Wappingers Falls at 15 White Gate Drive, Wappingers Falls, NY, 12590 priced at $169,999 converts $1,308/mo rent into $173/mo cash flow after a $832/mo obligation. Total monthly income equals $1,308/mo, and annual cash flow totals $2,074/yr on $56,355 invested. Return on cash invested prints 23.59% in year one, and rental yield reads 9.23% against a $169,999 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation compiles into $46,968 by year five. Five-year ROI reaches 123.22% and total cumulative return in cash sums $69,441. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,308/mo property income covering a $832/mo payment, not borrower’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12590, Wappingers Falls, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,965 (100%) |
| Owner Occupied HU | 9,733 (65.0%) |
| Renter Occupied HU | 4,547 (30.4%) |
| Vacant Housing Units | 685 ( 4.6%) |
| Median Home Value | $432,099 |
| Average Home Value | $475,631 |
Housing Distribution
Address Breakdown
Residential
14,289
Single Family
12,472
Multi-Family
1,817
Businesses
1,000
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Listed by: Jessica Mojica • Eleven Real Estate Group Inc.
Mls Name: OneKey MLS
Mls ID: #940885