487 Chestnut Ridge RoadDover PlainsNY12522
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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 Dover Plains at 487 Chestnut Ridge Road, Dover Plains, NY, 12522 at $510,000 posts ROI 21.45% with $195/mo cash flow from $3,600/mo rent. Total monthly income equals $3,600/mo, and annual cash flow records $2,334/yr on $167,790 to close. Return on cash invested measures 21.45% and rental yield reads 8.47% at the current $510,000. Equity gained on principal adds $3,291/yr, and 5% annual appreciation supports $140,904 by year five. Five-year ROI prints 111.73% and total cumulative return in cash totals $187,467.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,600/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1962
1.27 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
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Listed by: Robert T. Washburn • RE/MAX Ace Realty
Mls Name: OneKey MLS
Mls ID: #910057