234 Route 32 SNew PaltzNY12561
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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 New Paltz at 234 Route 32 S, New Paltz, NY, 12561 offers a 13.14% rental yield on a $389,000 purchase with $4,260/mo rent. Total monthly income registers $4,260/mo, and a $1,904/mo payment leaves $1,662/mo available for distribution. Annual cash flow reaches $19,947/yr on $128,954 to close, and return on cash invested stands at 35.38% in year one. Equity gained on principal adds $2,510/yr while 5% annual appreciation supports $107,474 over five years. Portfolio math shows five-year ROI at 186.44% and total cumulative return in cash at $240,426. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,260/mo property income against a $1,904/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
1.20 Acres lot
$N/A/sqft
No 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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Listed by: Jason Schobert • eXp Realty, LLC
Mls Name: HVCRMLS
Mls Provider:
Mls ID: #20251012
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