5 Forge Gate Drive #C2Cold SpringNY10516
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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 Cold Spring at 5 Forge Gate Drive #C2, Cold Spring, NY, 10516 offers $2,325/mo rent that, after a $1,610/mo payment, leaves $128/mo cash flow. Total monthly income is $2,325/mo, and annual cash flow is $1,539/yr on $109,064 cash. Return on cash invested measures 21.32% in year one, and rental yield stands at 8.48% at a $329,000 entry. Equity gained on principal adds $2,123/yr while 5% annual appreciation compounds into $90,897 by year five. Five-year ROI records 111.08% and total cumulative return in cash reaches $121,149. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,325/mo property income versus a $1,610/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1977
436 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10516, Cold Spring, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,627 (100%) |
| Owner Occupied HU | 1,782 (67.8%) |
| Renter Occupied HU | 568 (21.6%) |
| Vacant Housing Units | 277 (10.5%) |
| Median Home Value | $635,809 |
| Average Home Value | $690,983 |
Housing Distribution
Address Breakdown
Residential
2,407
Single Family
2,350
Multi-Family
57
Businesses
341
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Listed by: Jessica M. Middlebrooks • William Raveis Real Estate
Mls Name: OneKey MLS
Mls ID: #956556