243 State Route 203SpencertownNY12165
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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 Spencertown at 243 State Route 203, Spencertown, NY, 12165 listed at $399,000 pairs $3,744/mo rent with a $1,953/mo payment to leave $1,079/mo cash flow. Total monthly income runs $3,744/mo, and annual cash flow reaches $12,953/yr on $132,269 cash to close. Return on cash invested measures 29.7% in year one, and rental yield registers 11.26% at a $399,000 basis. Equity gained on principal adds $2,575/yr, and annual property appreciation at 5% supports $110,236 by year five. Five-year ROI tracks 156.01% and total cumulative return in cash totals $206,354. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,744/mo property income relative to a $1,953/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1810
4.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12165, Spencertown, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 111 (100%) |
| Owner Occupied HU | 89 (80.2%) |
| Renter Occupied HU | 11 ( 9.9%) |
| Vacant Housing Units | 11 ( 9.9%) |
| Median Home Value | $485,417 |
| Average Home Value | $690,449 |
Housing Distribution
Address Breakdown
Residential
57
Single Family
57
Multi-Family
0
Businesses
27
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Listed by: Beth G. Cozzolino • Gabel Real Estate
Mls Name: Columbia Greene Northern Dutchess MLS
Mls Provider:
Mls ID: #154004
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.