12 Lakewood AveEast QuogueNY11942
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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 East Quogue at 12 Lakewood Ave, East Quogue, NY, 11942 generates $8,395/mo in rent, after a $9,585/mo payment. Total monthly income is $8,395/mo. Return on cash invested sits at 11.51% in year one, and rental yield is 5.14% on a $1,958,300 entry. Equity gained on principal adds $12,637/yr, while 5% annual appreciation builds toward $541,042 over five years. Five-year ROI reaches 58.38% and total cumulative return in cash sums $370,423. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,395/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11942, East Quogue, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,149 (100%) |
| Owner Occupied HU | 1,845 (58.6%) |
| Renter Occupied HU | 339 (10.8%) |
| Vacant Housing Units | 965 (30.6%) |
| Median Home Value | $843,043 |
| Average Home Value | $893,469 |
Housing Distribution
Address Breakdown
Residential
2,535
Single Family
2,439
Multi-Family
96
Businesses
228
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