38 Cookingham LnRed HookNY12571
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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 Red Hook at 38 Cookingham Ln, Red Hook, NY, 12571 offers $8,563/mo rent that, after a $4,890/mo payment, leaves $1,891/mo cash flow. Total monthly income is $8,563/mo, and annual cash flow is $22,697/yr on $328,671 cash. Return on cash invested measures 26.97% in year one, and rental yield stands at 10.29% at a $999,000 entry. Equity gained on principal adds $6,446/yr while 5% annual appreciation compounds into $276,005 by year five. Five-year ROI records 141.3% and total cumulative return in cash reaches $464,414. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $8,563/mo property income versus a $4,890/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
6 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12571, Red Hook, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,583 (100%) |
| Owner Occupied HU | 2,951 (64.4%) |
| Renter Occupied HU | 969 (21.1%) |
| Vacant Housing Units | 663 (14.5%) |
| Median Home Value | $514,661 |
| Average Home Value | $584,140 |
Housing Distribution
Address Breakdown
Residential
4,177
Single Family
4,039
Multi-Family
138
Businesses
388
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Listed by: Cynthia K. Fennell • Patricia A. Hinkein Realty
Mls Name: Columbia Greene Northern Dutchess MLS
Mls Provider:
Mls ID: #152055
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.