11 Basket Neck LnRemsenburgNY11960
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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 Remsenburg at 11 Basket Neck Ln, Remsenburg, NY, 11960 earns $591/mo cash flow from $12,277/mo rent with a $8,565/mo payment. Total monthly income totals $12,277/mo, and annual cash flow totals $7,094/yr on $567,000 capital. ROI tracks 21.62% on current figures, and rental yield reads 8.42% at a $1,750,000 purchase. Equity gained on principal adds $11,292/yr, and 5% annual appreciation supports $483,493 over five years. Five-year ROI reaches 112.58% and total cumulative return in cash sums $638,349. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $12,277/mo property income instead of your personal income.
Single Family
Built in 1920
1.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11960, Remsenburg, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,064 (100%) |
| Owner Occupied HU | 591 (55.5%) |
| Renter Occupied HU | 118 (11.1%) |
| Vacant Housing Units | 355 (33.4%) |
| Median Home Value | $1,150,240 |
| Average Home Value | $1,238,621 |
Housing Distribution
Address Breakdown
Residential
15
Single Family
15
Multi-Family
0
Businesses
45
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Listed by: Georgia K. Hatch - Associate Real Estate Broker • Brown Harris Stevens
Mls Name: Out East
Mls ID: #379559