215 Main #37East IslipNY11730
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.59% yield at 215 Main #37, East Islip, NY, 11730 in East Islip is solid, but the $1,422/mo payment compresses net cash flow to $144/mo at $299,999. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $82,884 by year five, and $2,515/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.51) without U.S. income documentation. Total projected return: $117,995.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 6.2% |
| Monthly Cash Flow | $144 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,147 |
| Total Monthly Debt Service | $1,957 |
| DSCR Ratio | 1.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1981
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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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
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Listed by: Laura Mannarino • Potter Real Estate
Mls Name: OneKey MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #1065346
