1788 Platte Clove RdElka parkNY12427
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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 Elka park at 1788 Platte Clove Rd, Elka park, NY, 12427 generates $4,268/mo in rent and, after a $1,463/mo payment, leaves $2,272/mo in cash flow. Total monthly income is $4,268/mo, and annual cash flow is $27,261/yr on $99,119 invested. Return on cash invested sits at 47.41% in year one, and rental yield is 17.13% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 250.97% and total cumulative return in cash sums $248,758. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,268/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
1.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12427, Elka Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 474 (100%) |
| Owner Occupied HU | 147 (31.0%) |
| Renter Occupied HU | 69 (14.6%) |
| Vacant Housing Units | 258 (54.4%) |
| Median Home Value | $280,833 |
| Average Home Value | $368,333 |
Housing Distribution
Address Breakdown
Residential
85
Single Family
85
Multi-Family
0
Businesses
10
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Listed by: Karen A. Deyo • Century 21 New West
Mls Name: Columbia Greene Northern Dutchess MLS
Mls Provider:
Mls ID: #154104
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.