3 Colonial Rd APT 97BeaconNY12508
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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
Rental property for sale in Beacon at 3 Colonial Rd APT 97, Beacon, NY, 12508 offers $2,069/mo rent that, after a $1,419/mo payment, leaves $133/mo cash flow. Total monthly income is $2,069/mo, and annual cash flow is $1,594/yr on $96,135 cash. Return on cash invested measures 21.57% in year one, and rental yield stands at 8.56% at a $289,999 entry. Equity gained on principal adds $1,871/yr while 5% annual appreciation compounds into $80,121 by year five. Five-year ROI records 112.36% and total cumulative return in cash reaches $108,016. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,069/mo property income versus a $1,419/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12508, Beacon, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,673 (100%) |
| Owner Occupied HU | 4,478 (51.6%) |
| Renter Occupied HU | 3,587 (41.4%) |
| Vacant Housing Units | 608 ( 7.0%) |
| Median Home Value | $489,153 |
| Average Home Value | $520,501 |
Housing Distribution
Address Breakdown
Residential
7,824
Single Family
6,316
Multi-Family
1,508
Businesses
572
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