64 Vero DrivePoughkeepsieNY12603
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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 Poughkeepsie at 64 Vero Drive, Poughkeepsie, NY, 12603 priced at $350,000 converts $2,517/mo rent into $180/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,517/mo, and annual cash flow totals $2,158/yr on $116,025 invested. Return on cash invested prints 21.77% in year one, and rental yield reads 8.63% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 113.45% and total cumulative return in cash sums $131,630. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,517/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Manufactured
Built in 2002
N/A 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
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Listed by: Laurie Webber • BHHS Hudson Valley Properties
Mls Name: OneKey MLS
Mls ID: #901649