3 Island DrCopakeNY12516
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Nearby investment properties with comparable prices
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 Copake at 3 Island Dr, Copake, NY, 12516 offers $3,544/mo rent that, after a $2,423/mo payment, leaves $238/mo cash flow. Total monthly income is $3,544/mo, and annual cash flow is $2,859/yr on $164,093 cash. Return on cash invested measures 21.65% in year one, and rental yield stands at 8.59% at a $495,000 entry. Equity gained on principal adds $3,194/yr while 5% annual appreciation compounds into $136,759 by year five. Five-year ROI records 112.84% and total cumulative return in cash reaches $185,158. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,544/mo property income versus a $2,423/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12516, Copake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,040 (100%) |
| Owner Occupied HU | 506 (48.7%) |
| Renter Occupied HU | 137 (13.2%) |
| Vacant Housing Units | 397 (38.2%) |
| Median Home Value | $373,750 |
| Average Home Value | $461,853 |
Housing Distribution
Address Breakdown
Residential
702
Single Family
702
Multi-Family
0
Businesses
61
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Listed by: Blanche Mackey • Copake Lake Realty Corp.
Mls Name: Columbia Greene Northern Dutchess MLS
Mls Provider:
Mls ID: #156346
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