260 Pines Drive UNIT 8-2DenverNY12474
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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 Denver at 260 Pines Drive UNIT 8-2, Denver, NY, 12474 uses $74,588 cash to close to unlock $873/yr annual cash flow and $73/mo monthly cash flow. Total monthly income runs $1,575/mo, and a $1,101/mo payment keeps the spread at $73/mo. Purchase price stands at $225,000, and rental yield measures 8.4% with $1,575/mo rent. Return on cash invested shows 21.08% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 109.75% and total cumulative return in cash records $81,861. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,575/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Condo
Built in 1980
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12474, Roxbury, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,198 (100%) |
| Owner Occupied HU | 453 (37.8%) |
| Renter Occupied HU | 102 ( 8.5%) |
| Vacant Housing Units | 643 (53.7%) |
| Median Home Value | $308,394 |
| Average Home Value | $331,645 |
Housing Distribution
Address Breakdown
Residential
503
Single Family
503
Multi-Family
0
Businesses
53
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Listed by: Phyllis Whitehouse Frome • The Catskill Dream Team
Mls Name: HVCRMLS
Mls Provider:
Mls ID: #20250933
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