59 Ridgeline DrPoughkeepsieNY12603
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
Investment property for sale in Poughkeepsie at 59 Ridgeline Dr, Poughkeepsie, NY, 12603 uses $236,526 cash to close to unlock $3,863/yr annual cash flow and $322/mo monthly cash flow. Total monthly income runs $5,123/mo, and a $3,519/mo payment keeps the spread at $322/mo. Purchase price stands at $718,925, and rental yield measures 8.55% with $5,123/mo rent. Return on cash invested shows 21.69% in year one, and 5% annual appreciation builds toward $198,626 over five years. Five-year ROI reaches 113.02% and total cumulative return in cash records $267,317. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,123/mo property income covering a $3,519/mo payment rather than investor’s personal income.
Single Family
Built in 2018
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12603, Poughkeepsie, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,810 (100%) |
| Owner Occupied HU | 12,208 (68.5%) |
| Renter Occupied HU | 4,553 (25.6%) |
| Vacant Housing Units | 1,049 ( 5.9%) |
| Median Home Value | $402,141 |
| Average Home Value | $462,567 |
Housing Distribution
Address Breakdown
Residential
17,010
Single Family
16,174
Multi-Family
836
Businesses
1,126
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patricia Cannizzaro • CENTURY 21 ALLIANCE REALTY GROUP
Mls Name: NY State MLS
Mls ID: #11355837