1503 Aerie WayEast 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 1503 Aerie Way, East Quogue, NY, 11942 priced at $579,000 converts $4,842/mo rent into $445/mo cash flow after a $2,834/mo obligation. Total monthly income equals $4,842/mo, and annual cash flow totals $5,345/yr on $190,491 invested. Return on cash invested prints 22.87% in year one, and rental yield reads 10.04% against a $579,000 entry. Equity gained on principal adds $3,736/yr, while 5% annual appreciation compiles into $159,967 by year five. Five-year ROI reaches 120.53% and total cumulative return in cash sums $229,591. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,842/mo property income covering a $2,834/mo payment, not borrower’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
$530 monthly 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: Rosalie Tutino - Associate Real Estate Broker • South Fork Realty
Mls Name: Out East
Mls ID: #385656