14 Heather DriveCenter MorichesNY11934
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Nearby investment properties with comparable prices
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 Center Moriches at 14 Heather Drive, Center Moriches, NY, 11934 priced at $685,000 converts $5,550/mo rent into $961/mo cash flow after a $3,353/mo obligation. Total monthly income equals $5,550/mo, and annual cash flow totals $11,530/yr on $225,365 invested. Return on cash invested prints 25.18% in year one, and rental yield reads 9.72% against a $685,000 entry. Equity gained on principal adds $4,420/yr, while 5% annual appreciation compiles into $189,253 by year five. Five-year ROI reaches 131.72% and total cumulative return in cash sums $296,854. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,550/mo property income covering a $3,353/mo payment, not borrower’s personal income.
Single Family
Built in 1984
0.36 Acres lot
$N/A/sqft
$175 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11934, Center Moriches, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,050 (100%) |
| Owner Occupied HU | 2,254 (73.9%) |
| Renter Occupied HU | 598 (19.6%) |
| Vacant Housing Units | 198 ( 6.5%) |
| Median Home Value | $651,118 |
| Average Home Value | $703,026 |
Housing Distribution
Address Breakdown
Residential
2,973
Single Family
2,973
Multi-Family
0
Businesses
409
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Listed by: Nicole Schwartz • RE/MAX Integrity Leaders
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #872374
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-30 03:48:06 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#778)