7621 N BroadwayRed HookNY12571
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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
Investment property for sale in Red Hook at 7621 N Broadway, Red Hook, NY, 12571 offers a 9.54% rental yield on a $755,000 purchase with $6,000/mo rent. Total monthly income registers $6,000/mo, and a $3,695/mo payment leaves $959/mo available for distribution. Annual cash flow reaches $11,503/yr on $248,395 to close, and return on cash invested stands at 24.69% in year one. Equity gained on principal adds $4,872/yr while 5% annual appreciation supports $208,593 over five years. Portfolio math shows five-year ROI at 129.1% and total cumulative return in cash at $320,667. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,000/mo property income against a $3,695/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
4.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12571, Red Hook, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,583 (100%) |
| Owner Occupied HU | 2,951 (64.4%) |
| Renter Occupied HU | 969 (21.1%) |
| Vacant Housing Units | 663 (14.5%) |
| Median Home Value | $514,661 |
| Average Home Value | $584,140 |
Housing Distribution
Address Breakdown
Residential
4,177
Single Family
4,039
Multi-Family
138
Businesses
388
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Listed by: Cynthia K. Fennell • Patricia A. Hinkein Realty
Mls Name: Columbia Greene Northern Dutchess MLS
Mls Provider:
Mls ID: #154804
Disclaimer: 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.