159 Noel Drive, Centereach, NY, 11720 | $1,160/mo Cash Flow

For Sale

Listed for sale 1 day ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Centereach at 159 Noel Drive, Centereach, NY, 11720 earns $1,160/mo cash flow from $5,160/mo rent with a $2,932/mo payment. Total monthly income totals $5,160/mo, and annual cash flow totals $13,917/yr on $197,071 capital. ROI tracks 27.12% on current figures, and rental yield reads 10.34% at a $599,000 purchase. Equity gained on principal adds $3,865/yr, and 5% annual appreciation supports $165,493 over five years. Five-year ROI reaches 142.14% and total cumulative return in cash sums $280,114. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,160/mo property income instead of your personal income.

Single Family

Built in 1956

0.32 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to your next dream home in Centereach. This beautifully expanded Cape offers outstanding curb appeal, an oversized driveway, and a massive backyard complete with two sheds and a patioperfect for entertaining, relaxing, or enjoying outdoor living. Inside, youll find a bright and open floor plan featuring hardwood floors, fresh paint, new trim and doors throughout. The fully renovated chefs kitchen is the heart of the home, showcasing shaker cabinetry, stainless steel appliances, and a stylish tiled backsplash. The first floor offers two spacious bedrooms and a wall-to-wall tiled full bathroom, providing flexible and convenient living. Upstairs, new flooring leads to two additional generously sized bedrooms with ample closet space. The finished basement adds valuable living area and includes a dedicated, fully renovated bathroom, outside entrance, and additional unfinished storage spaceideal for a home office, recreation area, or guest suite. An added bonus is the additional living space within the home, perfect for extended family or potential mother-daughter use with proper permits, complete with another beautifully renovated bathroom. With low taxes, a quiet block, and a prime location close to highways, schools, shopping, and dining, this home offers both comfort and convenience. Truly move-in readyjust bring your furniture. This one wont last long.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11720, Centereach, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,558 (100%)
Owner Occupied HU	7,703 (80.6%)
Renter Occupied HU	1,463 (15.3%)
Vacant Housing Units	392 ( 4.1%)
Median Home Value	$569,513
Average Home Value	$592,383