703 Butts Hollow RoadDover PlainsNY12522
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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 Dover Plains at 703 Butts Hollow Road, Dover Plains, NY, 12522 priced at $319,999 converts $1,860/mo rent into after a $1,566/mo obligation. Total monthly income equals $1,860/mo. Return on cash invested prints 16.78% in year one, and rental yield reads 6.98% against a $319,999 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation compiles into $88,410 by year five. Five-year ROI reaches 86.71% and total cumulative return in cash sums $91,983. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,860/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Multi Family
Built in 1867
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12522, Dover Plains, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,356 (100%) |
| Owner Occupied HU | 1,475 (62.6%) |
| Renter Occupied HU | 659 (28.0%) |
| Vacant Housing Units | 222 ( 9.4%) |
| Median Home Value | $352,469 |
| Average Home Value | $521,727 |
Housing Distribution
Address Breakdown
Residential
1,699
Single Family
1,699
Multi-Family
0
Businesses
101
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Listed by: German Nielsen • Newman Realty Inc
Mls Name: OneKey MLS
Mls ID: #942641