215 E Main Street #16East IslipNY11730
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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 Islip at 215 E Main Street #16, East Islip, NY, 11730 generates $2,273/mo in rent and, after a $1,273/mo payment, leaves $536/mo in cash flow. Total monthly income is $2,273/mo, and annual cash flow is $6,436/yr on $86,190 invested. Return on cash invested sits at 27.38% in year one, and rental yield is 10.49% on a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 143.56% and total cumulative return in cash sums $123,737. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,273/mo property income rather than buyer’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11730, East Islip, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,273 (100%) |
| Owner Occupied HU | 4,156 (78.8%) |
| Renter Occupied HU | 912 (17.3%) |
| Vacant Housing Units | 205 ( 3.9%) |
| Median Home Value | $626,695 |
| Average Home Value | $663,157 |
Housing Distribution
Address Breakdown
Residential
5,154
Single Family
4,852
Multi-Family
302
Businesses
429
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Listed by: Susan P. Simmons CBR SRES • Howard Hanna Coach
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #805698
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