5 Carroll LanePlattekillNY12561
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 Plattekill at 5 Carroll Lane, Plattekill, NY, 12561 priced at $959,000 converts $4,260/mo rent into after a $4,694/mo obligation. Total monthly income equals $4,260/mo. Return on cash invested prints 11.91% in year one, and rental yield reads 5.33% against a $959,000 entry. Equity gained on principal adds $6,188/yr, while 5% annual appreciation compiles into $264,954 by year five. Five-year ROI reaches 60.53% and total cumulative return in cash sums $190,963. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,260/mo property income covering a $4,694/mo payment, not borrower’s personal income.
Single Family
Built in 2007
0.90 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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Nearby investment properties with comparable prices
Listed by: Michael Dunstan • RE/MAX Town & Country
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #809378
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