1 Fair Harbor Drive #1PatchogueNY11772
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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 Patchogue at 1 Fair Harbor Drive #1, Patchogue, NY, 11772 offers a 8.53% rental yield on a $284,500 purchase with $2,022/mo rent. Total monthly income registers $2,022/mo, and a $1,392/mo payment leaves $123/mo available for distribution. Annual cash flow reaches $1,472/yr on $94,312 to close, and return on cash invested stands at 21.47% in year one. Equity gained on principal adds $1,836/yr while 5% annual appreciation supports $78,602 over five years. Portfolio math shows five-year ROI at 111.86% and total cumulative return in cash at $105,497. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,022/mo property income against a $1,392/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11772, Patchogue, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,762 (100%) |
| Owner Occupied HU | 11,091 (59.1%) |
| Renter Occupied HU | 6,465 (34.5%) |
| Vacant Housing Units | 1,206 ( 6.4%) |
| Median Home Value | $538,754 |
| Average Home Value | $606,322 |
Housing Distribution
Address Breakdown
Residential
17,139
Single Family
14,452
Multi-Family
2,687
Businesses
1,514
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