8 Fairview DriveCopakeNY12516
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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 Copake at 8 Fairview Drive, Copake, NY, 12516 generates $3,378/mo in rent and, after a $1,708/mo payment, leaves $1,048/mo in cash flow. Total monthly income is $3,378/mo, and annual cash flow is $12,571/yr on $115,694 invested. Return on cash invested sits at 30.78% in year one, and rental yield is 11.61% on a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 161.75% and total cumulative return in cash sums $187,140. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,378/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
0.63 Acres 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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