The Cortland Townhome Plan, Tradition at Red HookRed 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
Rental property for sale in Red Hook at The Cortland Townhome Plan, Tradition at Red Hook, Red Hook, NY, 12571 priced at $586,400 converts $4,452/mo rent into $86/mo cash flow after a $2,870/mo obligation. Total monthly income equals $4,452/mo, and annual cash flow totals $1,035/yr on $192,926 invested. Return on cash invested prints 20.6% in year one, and rental yield reads 9.11% against a $586,400 entry. Equity gained on principal adds $3,784/yr, while 5% annual appreciation compiles into $162,012 by year five. Five-year ROI reaches 108.17% and total cumulative return in cash sums $208,694. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,452/mo property income covering a $2,870/mo payment, not borrower’s personal income.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
$450 monthly 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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