1661 Old Country Road #308RiverheadNY11901
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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 Riverhead at 1661 Old Country Road #308, Riverhead, NY, 11901 earns $193/mo cash flow from $1,188/mo rent with a $729/mo payment. Total monthly income totals $1,188/mo, and annual cash flow totals $2,319/yr on $49,394 capital. ROI tracks 24.6% on current figures, and rental yield reads 9.57% at a $149,000 purchase. Equity gained on principal adds $961/yr, and 5% annual appreciation supports $41,166 over five years. Five-year ROI reaches 128.75% and total cumulative return in cash sums $63,592. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,188/mo property income instead of your personal income.
Manufactured
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11901, Riverhead, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,746 (100%) |
| Owner Occupied HU | 7,418 (58.2%) |
| Renter Occupied HU | 3,718 (29.2%) |
| Vacant Housing Units | 1,610 (12.6%) |
| Median Home Value | $577,542 |
| Average Home Value | $638,820 |
Housing Distribution
Address Breakdown
Residential
10,959
Single Family
9,878
Multi-Family
1,081
Businesses
1,459
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