3481 Route 22Dover PlainsNY12522
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 3481 Route 22, Dover Plains, NY, 12522 in Dover Plains worth modelling. At $459,000 with a 8.1% gross yield, the $3,098/mo rent leaves $33/mo after the $2,064/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.50 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $126,813 by year five; $4,227/yr in principal reduction adds further equity. Total projected return: $177,160.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 6.2% |
| Monthly Cash Flow | $33 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $3,098 |
| Total Monthly Debt Service | $2,883 |
| DSCR Ratio | 1.07x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1988
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12522, Dover Plains, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,356 (100%) |
| Owner Occupied HU | 1,475 (62.6%) |
| Renter Occupied HU | 659 (28.0%) |
| Vacant Housing Units | 222 ( 9.4%) |
| Median Home Value | $352,469 |
| Average Home Value | $521,727 |
Housing Distribution
Address Breakdown
Residential
1,699
Single Family
1,699
Multi-Family
0
Businesses
101
Nearby investment properties with comparable rents
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
Multi Family
Built in 1988
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12522, Dover Plains, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,356 (100%) |
| Owner Occupied HU | 1,475 (62.6%) |
| Renter Occupied HU | 659 (28.0%) |
| Vacant Housing Units | 222 ( 9.4%) |
| Median Home Value | $352,469 |
| Average Home Value | $521,727 |
Housing Distribution
Address Breakdown
Residential
1,699
Single Family
1,699
Multi-Family
0
Businesses
101
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lawrence Havens • Havens Real Estate
Mls Name: OneKey MLS
Mls ID: #956654