15 Ocean AvenueEast 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
Investment property for sale in East Quogue at 15 Ocean Avenue, East Quogue, NY, 11942 with 5% annual appreciation on a $899,999 basis while $7,200/mo rent supports operations. Total monthly income totals $7,200/mo and a $4,405/mo payment preserves $1,190/mo for cash returns. Annual cash flow comes to $14,280/yr on $296,100 deployed, and return on cash invested reaches 24.88% in year one. Equity gained on principal adds $5,808/yr, and five-year appreciation sums $248,653 alongside rental yield of 9.6%. Five-year ROI measures 130.12% and total cumulative return in cash totals $385,283.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $7,200/mo property income versus a $4,405/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1991
10,019 sqft 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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Listed by: Alexus Beck • Real Broker NY LLC
Mls Name: OneKey MLS
Mls ID: #953882