2 Canvasback LnEast QuogueNY11942
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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 East Quogue at 2 Canvasback Ln, East Quogue, NY, 11942 priced at $1,299,000 converts $7,830/mo rent into after a $6,358/mo obligation. Total monthly income equals $7,830/mo. Return on cash invested prints 17.96% in year one, and rental yield reads 7.23% against a $1,299,000 entry. Equity gained on principal adds $8,382/yr, while 5% annual appreciation compiles into $358,890 by year five. Five-year ROI reaches 92.96% and total cumulative return in cash sums $391,249. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,830/mo property income covering a $6,358/mo payment, not borrower’s personal income.
Single Family
Built in 1969
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11942, East Quogue, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,149 (100%) |
| Owner Occupied HU | 1,845 (58.6%) |
| Renter Occupied HU | 339 (10.8%) |
| Vacant Housing Units | 965 (30.6%) |
| Median Home Value | $843,043 |
| Average Home Value | $893,469 |
Housing Distribution
Address Breakdown
Residential
2,535
Single Family
2,439
Multi-Family
96
Businesses
228
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Listed by: Alexandra 'Lexie' Schrage - Real Estate Sales Person • Corcoran Group
Mls Name: Out East
Mls ID: #382869