18 Mele LanePlattekillNY12561
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
Investment property for sale in Plattekill at 18 Mele Lane, Plattekill, NY, 12561 listed at $154,000 pairs $1,398/mo rent with a $754/mo payment. Total monthly income runs $1,398/mo. Return on cash invested measures 12.87% in year one, and rental yield registers 10.89% at a $154,000 basis. Equity gained on principal adds $994/yr, and annual property appreciation at 5% supports $42,547 by year five. Five-year ROI tracks 71.48% and total cumulative return in cash totals $36,494. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,398/mo property income relative to a $754/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1987
436 sqft lot
$N/A/sqft
$669 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12561, New Paltz, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,627 (100%) |
| Owner Occupied HU | 4,089 (53.6%) |
| Renter Occupied HU | 2,682 (35.2%) |
| Vacant Housing Units | 856 (11.2%) |
| Median Home Value | $467,188 |
| Average Home Value | $526,502 |
Housing Distribution
Address Breakdown
Residential
6,635
Single Family
6,230
Multi-Family
405
Businesses
688
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Nearby investment properties with comparable prices
Listed by: Joanne M Timperio • RE/MAX Benchmark Realty Group
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #H6335786
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