220 Erik DriveEast SetauketNY11733
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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 Setauket at 220 Erik Drive, East Setauket, NY, 11733 priced at $740,000 converts $5,020/mo rent into $78/mo cash flow after a $3,622/mo obligation. Total monthly income equals $5,020/mo, and annual cash flow totals $940/yr on $243,460 invested. Return on cash invested prints 20.45% in year one, and rental yield reads 8.14% against a $740,000 entry. Equity gained on principal adds $4,775/yr, while 5% annual appreciation compiles into $204,448 by year five. Five-year ROI reaches 106.35% and total cumulative return in cash sums $258,922. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,020/mo property income covering a $3,622/mo payment, not borrower’s personal income.
Condo
Built in 1999
1,047 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11733, East Setauket, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,801 (100%) |
| Owner Occupied HU | 5,867 (86.3%) |
| Renter Occupied HU | 572 ( 8.4%) |
| Vacant Housing Units | 362 ( 5.3%) |
| Median Home Value | $680,992 |
| Average Home Value | $767,072 |
Housing Distribution
Address Breakdown
Residential
6,109
Single Family
5,795
Multi-Family
314
Businesses
768
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Listed by: Nicole Schwartz • RE/MAX Integrity Leaders
Mls Name: OneKey MLS
Mls ID: #904302