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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Newburgh at 703 Cortland Drive UNIT 7C, Newburgh, NY, 12550 at $190,000 posts ROI 42.53% with $1,187/mo cash flow from $2,738/mo rent. Total monthly income equals $2,738/mo, and annual cash flow records $14,246/yr on $62,985 to close. Return on cash invested measures 42.53% and rental yield reads 17.29% at the current $190,000. Equity gained on principal adds $1,226/yr, and 5% annual appreciation supports $52,494 by year five. Five-year ROI prints 226.8% and total cumulative return in cash totals $142,848.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,738/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1973
4,792 sqft lot
$N/A/sqft
$282 monthly HOA
Neighborhood data shown for ZIP Code: 12550, Newburgh, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,756 (100%) |
| Owner Occupied HU | 11,308 (49.7%) |
| Renter Occupied HU | 9,401 (41.3%) |
| Vacant Housing Units | 2,047 ( 9.0%) |
| Median Home Value | $367,539 |
| Average Home Value | $418,385 |
Residential
20,028
Single Family
18,028
Multi-Family
2,000
Businesses
2,005
Date | Event | Price |
|---|---|---|
| 2024-09-03 | Listed for sale | $190,000 |
| 2023-12-29 | Sold | $160,000 |
| 2023-12-08 | Pending sale | $175,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
What's Special
None
Listed by: Daniela Staub • Keller Williams Hudson Valley
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #H6325809
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.
