16 Fair Harbor Drive #16PatchogueNY11772
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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 Patchogue at 16 Fair Harbor Drive #16, Patchogue, NY, 11772 uses $91,163 cash to close to unlock $211/yr annual cash flow and $18/mo monthly cash flow. Total monthly income runs $1,854/mo, and a $1,346/mo payment keeps the spread at $18/mo. Purchase price stands at $275,000, and rental yield measures 8.09% with $1,854/mo rent. Return on cash invested shows 20.14% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 104.75% and total cumulative return in cash records $95,495. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,854/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11772, Patchogue, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,762 (100%) |
| Owner Occupied HU | 11,091 (59.1%) |
| Renter Occupied HU | 6,465 (34.5%) |
| Vacant Housing Units | 1,206 ( 6.4%) |
| Median Home Value | $538,754 |
| Average Home Value | $606,322 |
Housing Distribution
Address Breakdown
Residential
17,139
Single Family
14,452
Multi-Family
2,687
Businesses
1,514
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