505 Chelsea Cove SHopewell JunctionNY12533
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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 Hopewell Junction at 505 Chelsea Cove S, Hopewell Junction, NY, 12533 priced at $400,000 pairs $3,203/mo rent with $232/mo cash flow after a $1,958/mo payment. Total monthly income equals $3,203/mo, and annual cash flow comes to $2,780/yr on $132,600 invested. Return on cash invested is 22.01% in year one, and rental yield stands at 9.61% on a $400,000 basis. Equity gained on principal adds $2,581/yr, and 5% annual appreciation accumulates to $110,513 by year five. Five-year ROI measures 115.71% and total cumulative return in cash reaches $153,436. For financing, Ziffy Mortgage’s DSCR program evaluates $3,203/mo property income against a $1,958/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1985
4,356 sqft lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12533, Hopewell Junction, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,042 (100%) |
| Owner Occupied HU | 8,082 (80.5%) |
| Renter Occupied HU | 1,096 (10.9%) |
| Vacant Housing Units | 864 ( 8.6%) |
| Median Home Value | $527,672 |
| Average Home Value | $555,635 |
Housing Distribution
Address Breakdown
Residential
9,370
Single Family
9,370
Multi-Family
0
Businesses
703
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Nearby investment properties with comparable prices
Listed by: Anthony Shabani • At Home With Yara Realty
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #847464
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