31 Cold Spring RoadMonticelloNY12701
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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 Monticello at 31 Cold Spring Road, Monticello, NY, 12701 uses $82,544 cash to close to unlock $1,427/yr annual cash flow and $119/mo monthly cash flow. Total monthly income runs $1,782/mo, and a $1,219/mo payment keeps the spread at $119/mo. Purchase price stands at $249,000, and rental yield measures 8.59% with $1,782/mo rent. Return on cash invested shows 21.64% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 112.75% and total cumulative return in cash records $93,068. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,782/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12701, Monticello, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,397 (100%) |
| Owner Occupied HU | 2,153 (25.6%) |
| Renter Occupied HU | 3,221 (38.4%) |
| Vacant Housing Units | 3,023 (36.0%) |
| Median Home Value | $262,260 |
| Average Home Value | $318,832 |
Housing Distribution
Address Breakdown
Residential
5,858
Single Family
4,786
Multi-Family
1,072
Businesses
707
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Listed by: Meyer Stoessel • Keller Williams Hudson Valley
Mls Name: OneKey MLS
Mls ID: #944734