18 15th StreetWading RiverNY11792
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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 Wading River at 18 15th Street, Wading River, NY, 11792 generates $3,819/mo in rent, after a $3,671/mo payment. Total monthly income is $3,819/mo. Return on cash invested sits at 14.28% in year one, and rental yield is 6.11% on a $749,999 entry. Equity gained on principal adds $4,840/yr, while 5% annual appreciation builds toward $207,211 over five years. Five-year ROI reaches 73.25% and total cumulative return in cash sums $180,737. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,819/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11792, Wading River, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,295 (100%) |
| Owner Occupied HU | 2,712 (82.3%) |
| Renter Occupied HU | 205 ( 6.2%) |
| Vacant Housing Units | 378 (11.5%) |
| Median Home Value | $662,509 |
| Average Home Value | $707,664 |
Housing Distribution
Address Breakdown
Residential
3,011
Single Family
3,011
Multi-Family
0
Businesses
319
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Listed by: Theodoros Kritikos • Daniel Gale Sothebys Intl Rlty
Mls Name: OneKey MLS
Mls ID: #934021