212 Fairway DriveWading RiverNY11792
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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 Wading River at 212 Fairway Drive, Wading River, NY, 11792 priced at $970,000 pairs $8,400/mo rent with $1,922/mo cash flow after a $4,748/mo payment. Total monthly income equals $8,400/mo, and annual cash flow comes to $23,066/yr on $319,130 invested. Return on cash invested is 27.29% in year one, and rental yield stands at 10.39% on a $970,000 basis. Equity gained on principal adds $6,259/yr, and 5% annual appreciation accumulates to $267,993 by year five. Five-year ROI measures 143.03% and total cumulative return in cash reaches $456,449. For financing, Ziffy Mortgage’s DSCR program evaluates $8,400/mo property income against a $4,748/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2000
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11792, Wading River, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,295 (100%) |
| Owner Occupied HU | 2,712 (82.3%) |
| Renter Occupied HU | 205 ( 6.2%) |
| Vacant Housing Units | 378 (11.5%) |
| Median Home Value | $662,509 |
| Average Home Value | $707,664 |
Housing Distribution
Address Breakdown
Residential
3,011
Single Family
3,011
Multi-Family
0
Businesses
319
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Listed by: Jeanette M. Cinelli • Signature Premier Properties
Mls Name: OneKey MLS
Mls ID: #950099