623 Empire Road RoadCopakeNY12516
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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 Copake at 623 Empire Road Road, Copake, NY, 12516 priced at $318,000 pairs $2,168/mo rent with $45/mo cash flow after a $1,556/mo payment. Total monthly income equals $2,168/mo, and annual cash flow comes to $539/yr on $105,417 invested. Return on cash invested is 20.42% in year one, and rental yield stands at 8.18% on a $318,000 basis. Equity gained on principal adds $2,052/yr, and 5% annual appreciation accumulates to $87,858 by year five. Five-year ROI measures 106.22% and total cumulative return in cash reaches $111,971. For financing, Ziffy Mortgage’s DSCR program evaluates $2,168/mo property income against a $1,556/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1939
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12516, Copake, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,040 (100%) |
| Owner Occupied HU | 506 (48.7%) |
| Renter Occupied HU | 137 (13.2%) |
| Vacant Housing Units | 397 (38.2%) |
| Median Home Value | $373,750 |
| Average Home Value | $461,853 |
Housing Distribution
Address Breakdown
Residential
702
Single Family
702
Multi-Family
0
Businesses
61
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