21 Inlet View PathEast MorichesNY11940
Nearby investment properties with comparable rents
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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 Moriches at 21 Inlet View Path, East Moriches, NY, 11940 priced at $1,864,000 converts $5,499/mo rent into after a $9,123/mo obligation. Total monthly income equals $5,499/mo. Return on cash invested prints 6.56% in year one, and rental yield reads 3.54% against a $1,864,000 entry. Equity gained on principal adds $12,028/yr, while 5% annual appreciation compiles into $514,989 by year five. Five-year ROI reaches 31.83% and total cumulative return in cash sums $192,257. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,499/mo property income covering a $9,123/mo payment, not borrower’s personal income.
Single Family
Built in 1988
1.73 Acres 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: Kenneth Hirsch • Compass Greater NY LLC
Mls Name: OneKey MLS
Mls ID: #890029