2104 Cherry Hill DrivePoughkeepsieNY12603
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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 Poughkeepsie at 2104 Cherry Hill Drive, Poughkeepsie, NY, 12603 uses $53,703 cash to close to unlock $2,389/yr annual cash flow and $199/mo monthly cash flow. Total monthly income runs $1,281/mo, and a $793/mo payment keeps the spread at $199/mo. Purchase price stands at $162,000, and rental yield measures 9.49% with $1,281/mo rent. Return on cash invested shows 24.36% in year one, and 5% annual appreciation builds toward $44,758 over five years. Five-year ROI reaches 127.42% and total cumulative return in cash records $68,429. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,281/mo property income covering a $793/mo payment rather than investor’s personal income.
Condo
Built in 1984
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12603, Poughkeepsie, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,810 (100%) |
| Owner Occupied HU | 12,208 (68.5%) |
| Renter Occupied HU | 4,553 (25.6%) |
| Vacant Housing Units | 1,049 ( 5.9%) |
| Median Home Value | $402,141 |
| Average Home Value | $462,567 |
Housing Distribution
Address Breakdown
Residential
17,010
Single Family
16,174
Multi-Family
836
Businesses
1,126
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Listed by: Nancy A Young • BHHS Hudson Valley Properties
Mls Name: OneKey MLS
Mls ID: #918539