194 Miller Place RoadMiller PlaceNY11764
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Miller Place at 194 Miller Place Road, Miller Place, NY, 11764 priced at $765,000 converts $7,440/mo rent into $2,332/mo cash flow after a $3,744/mo obligation. Total monthly income equals $7,440/mo, and annual cash flow totals $27,981/yr on $251,685 invested. Return on cash invested prints 31.18% in year one, and rental yield reads 11.67% against a $765,000 entry. Equity gained on principal adds $4,936/yr, while 5% annual appreciation compiles into $211,355 by year five. Five-year ROI reaches 163.88% and total cumulative return in cash sums $412,463. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,440/mo property income covering a $3,744/mo payment, not borrower’s personal income.
Single Family
Built in 1998
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11764, Miller Place, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,385 (100%) |
| Owner Occupied HU | 3,847 (87.7%) |
| Renter Occupied HU | 343 ( 7.8%) |
| Vacant Housing Units | 195 ( 4.4%) |
| Median Home Value | $644,728 |
| Average Home Value | $674,877 |
Housing Distribution
Address Breakdown
Residential
4,195
Single Family
4,195
Multi-Family
0
Businesses
441
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Estrada • Daniel Gale Sothebys Intl Rlty
Mls Name: OneKey MLS
Mls ID: #951992