48 Hillside DriveOliveNY12494
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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 Olive at 48 Hillside Drive, Olive, NY, 12494 offers $4,201/mo rent that, after a $6,113/mo payment. Total monthly income is $4,201/mo. Return on cash invested measures 8.1% in year one, and rental yield stands at 4.04% at a $1,249,000 entry. Equity gained on principal adds $8,060/yr while 5% annual appreciation compounds into $345,076 by year five. Five-year ROI records 40.05% and total cumulative return in cash reaches $162,071. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,201/mo property income versus a $6,113/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
7.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12494, West Shokan, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 486 (100%) |
| Owner Occupied HU | 283 (58.2%) |
| Renter Occupied HU | 54 (11.1%) |
| Vacant Housing Units | 149 (30.7%) |
| Median Home Value | $562,500 |
| Average Home Value | $680,521 |
Housing Distribution
Address Breakdown
Residential
305
Single Family
305
Multi-Family
0
Businesses
8
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Listed by: Mark Kanter • BHHS HUDSON VALLEY PROP-WDST
Mls Name: HVCRMLS
Mls Provider:
Mls ID: #20251172
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