408 Cherry Hill DrivePoughkeepsieNY12603
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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 Poughkeepsie at 408 Cherry Hill Drive, Poughkeepsie, NY, 12603 at $253,750 posts ROI 21.97% with $144/mo cash flow from $2,339/mo rent. Total monthly income equals $2,339/mo, and annual cash flow records $1,734/yr on $84,118 to close. Return on cash invested measures 21.97% and rental yield reads 11.06% at the current $253,750. Equity gained on principal adds $1,637/yr, and 5% annual appreciation supports $70,106 by year five. Five-year ROI prints 117.15% and total cumulative return in cash totals $98,543.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,339/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1979
4,356 sqft lot
$N/A/sqft
$500 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12603, Poughkeepsie, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,810 (100%) |
| Owner Occupied HU | 12,208 (68.5%) |
| Renter Occupied HU | 4,553 (25.6%) |
| Vacant Housing Units | 1,049 ( 5.9%) |
| Median Home Value | $402,141 |
| Average Home Value | $462,567 |
Housing Distribution
Address Breakdown
Residential
17,010
Single Family
16,174
Multi-Family
836
Businesses
1,126
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Listed by: Donna Gray • Redfin Real Estate
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #862489
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-29 04:13:09 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#778)