Lake Peekskill, NY — Rental Investment Analysis
🟢STRONG— excellent cash flow marketData: HUD FMR FY2024 + Zillow ZHVI April 2026 + Freddie Mac rates. Last updated June 2026.
Investment Summary
As of 2026, Lake Peekskill, NY has a median cap rate of 8.8%, making it one of the top cash-flowing rental markets in the United States.
Lake Peekskill is one of the strongest cash flow markets in the data. At $418,397 median home price, Lake Peekskill requires significant capital. A 20% down payment alone is $83,679. With 3-bedroom rents around $4,450/month, the 8.8% cap rate tells the story. A typical rental here cash flows +$829/month after all expenses — strong passive income from day one.
The market passes the 1% rule (1.06%), which is increasingly rare and signals strong rent-to-price fundamentals. DSCR of 1.37 means the property's income comfortably covers debt service — DSCR loans should be easy to qualify for here.
Bottom line: Buy here if you want reliable monthly income. Lake Peekskill is a cash flow market — don't expect rapid appreciation, but the checks come in every month.
Data sources: HUD Fair Market Rents (FY2024), Zillow Home Value Index (April 2026), Freddie Mac Primary Mortgage Market Survey.
Cap Rate
8.8%
Above average
Monthly Cash Flow
+$829
After all expenses
Price-to-Rent
7.8
Investor-friendly
DSCR
1.37
Passes lender test
Key Metrics
- Median Home Price
- $418,397
- Average Rent (3BR)
- $4,450/mo
- Price-to-Rent Ratio
- 7.8(good)
- 1% Rule
- 1.06%(passes)
- Cash-on-Cash Return
- 10.3%
- Vacancy Rate
- 8.0%
Market Strength
- Unemployment Rate
- 4.6%(+0.3% vs national)
- Rent Growth (YoY)
- +2.9%(national avg)
- Population Growth
- -1.15% YoY
Property Tax Rate
1.62%
of assessed value (NY avg)
Median Income
$74,314
household (NY avg)
Rent-to-Income
71.9%
Stretched
Section 8 Max Rent
$4,450/mo
3BR voucher payment
NY Investor Climate
Landlord Friendly
3/10
State Income Tax
Has state tax
Property Tax
1.62% effective
Population Trend
-1.15% (3yr)