21 Lakeview DrShelter IslandNY11964
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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 Shelter Island at 21 Lakeview Dr, Shelter Island, NY, 11964 priced at $1,789,000 pairs $6,469/mo rent with after a $8,756/mo payment. Total monthly income equals $6,469/mo. Return on cash invested is 9.03% in year one, and rental yield stands at 4.34% on a $1,789,000 basis. Equity gained on principal adds $11,544/yr, and 5% annual appreciation accumulates to $494,268 by year five. Five-year ROI measures 45.06% and total cumulative return in cash reaches $261,182. For financing, Ziffy Mortgage’s DSCR program evaluates $6,469/mo property income against a $8,756/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
2.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11964, Shelter Island, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,130 (100%) |
| Owner Occupied HU | 514 (45.5%) |
| Renter Occupied HU | 157 (13.9%) |
| Vacant Housing Units | 459 (40.6%) |
| Median Home Value | $939,167 |
| Average Home Value | $1,071,080 |
Housing Distribution
Address Breakdown
Residential
52
Single Family
52
Multi-Family
0
Businesses
130
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Listed by: Jon Westervelt - Real Estate Sales Person • Corcoran Group
Mls Name: Out East
Mls ID: #390856