38 Plattekill AvenueNew PaltzNY12561
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
Investment Highlights
Rental property for sale in New Paltz at 38 Plattekill Avenue, New Paltz, NY, 12561 offers $2,424/mo rent that, after a $4,527/mo payment. Total monthly income is $2,424/mo. Return on cash invested measures 5.26% in year one, and rental yield stands at 3.14% at a $925,000 entry. Equity gained on principal adds $5,969/yr while 5% annual appreciation compounds into $255,560 by year five. Five-year ROI records 24.92% and total cumulative return in cash reaches $75,853. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,424/mo property income versus a $4,527/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12561, New Paltz, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,627 (100%) |
| Owner Occupied HU | 4,089 (53.6%) |
| Renter Occupied HU | 2,682 (35.2%) |
| Vacant Housing Units | 856 (11.2%) |
| Median Home Value | $467,188 |
| Average Home Value | $526,502 |
Housing Distribution
Address Breakdown
Residential
6,635
Single Family
6,230
Multi-Family
405
Businesses
688
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