20 Miller AvenueEast MorichesNY11940
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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 East Moriches at 20 Miller Avenue, East Moriches, NY, 11940 uses $149,175 cash to close to unlock $3,162/yr annual cash flow and $264/mo monthly cash flow. Total monthly income runs $3,269/mo, and a $2,203/mo payment keeps the spread at $264/mo. Purchase price stands at $450,000, and rental yield measures 8.72% with $3,269/mo rent. Return on cash invested shows 22.03% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 114.85% and total cumulative return in cash records $171,330. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,269/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Single Family
Built in 1932
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11940, East Moriches, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,327 (100%) |
| Owner Occupied HU | 1,663 (71.5%) |
| Renter Occupied HU | 422 (18.1%) |
| Vacant Housing Units | 242 (10.4%) |
| Median Home Value | $791,934 |
| Average Home Value | $874,062 |
Housing Distribution
Address Breakdown
Residential
2,071
Single Family
2,071
Multi-Family
0
Businesses
241
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Listed by: Anna Marie Fiore CBR • Fiore Real Estate Sales Corp
Mls Name: OneKey MLS
Mls ID: #923118