798 Springtown Rd, Tillson, NY 12486

MONEY MAKING INVESTMENT PROPERTY! What do all serious investors look for? A quick return on their down payment. Ok… let’s do the math. With a 20% down payment @ 5% interest/30 years, this legal 2-family property is capable of returning your initial down payment money ($23,000) in less than 5 years! * * Plus you get mortgage interest write offs, depreciation, and (hopefully!) property appreciation. Then, the rest is gravy! This house can give you your cash outlay back quickly, and create a forever income stream! Everything is currently serviceable, but down the road, you can use some of the income (or your returned down payment money) to do updates to kitchens and bathrooms. Updates in the last few years include new windows, new furnace blower motor, one new hot water heater, and leach fields were redone. This house has curb appeal, and is never hard to rent out. Each apartment has 2 bedrooms, one bath, one eat-in-kitchen and a charming front balcony. The yard is flat, with room for a play area or garden. There is a spacious parking area in the rear. Situated only a few minutes walk to the village of Rosendale, and just down the road from a small convenient store, this property is centrally located half way between New Paltz, Kingston and Stone Ridge. Driveway is deeded right of way. One HW heater is propane and one is electric. Interior photos show downstairs apartment last time it was vacant. List price is well below assessed value of $187,000. Heating fuel amount is based on June 2014-May 2015 853 gallons @ $3.13 average/gallon. Lawn/snow costs fluctuate depending on the year. Three electric meters. Tenants pay their own electric and propane. * * Always check with your CPA to verify numbers and returns being represented to see if this is correct and if it works for you. Numbers are based on 20% down payment, which may or may not be available to all buyers. Check with your lender to see what programs are available to you.