2304 Cedar PathRiverheadNY11901
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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
Investment property for sale in Riverhead at 2304 Cedar Path, Riverhead, NY, 11901 uses $190,491 cash to close to unlock $6,977/yr annual cash flow and $581/mo monthly cash flow. Total monthly income runs $4,820/mo, and a $2,834/mo payment keeps the spread at $581/mo. Purchase price stands at $579,000, and rental yield measures 9.99% with $4,820/mo rent. Return on cash invested shows 23.72% in year one, and 5% annual appreciation builds toward $159,967 over five years. Five-year ROI reaches 124.77% and total cumulative return in cash records $237,667. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,820/mo property income covering a $2,834/mo payment rather than investor’s personal income.
Townhouse
Built in 2005
7,841 sqft lot
$N/A/sqft
$372 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11901, Riverhead, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,746 (100%) |
| Owner Occupied HU | 7,418 (58.2%) |
| Renter Occupied HU | 3,718 (29.2%) |
| Vacant Housing Units | 1,610 (12.6%) |
| Median Home Value | $577,542 |
| Average Home Value | $638,820 |
Housing Distribution
Address Breakdown
Residential
10,959
Single Family
9,878
Multi-Family
1,081
Businesses
1,459
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Listed by: Kristy B. Naddell • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #815360
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