235 FAIRHARBOR Drive #235PatchogueNY11772
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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 Patchogue at 235 FAIRHARBOR Drive #235, Patchogue, NY, 11772 earns $234/mo cash flow from $1,429/mo rent with a $876/mo payment. Total monthly income totals $1,429/mo, and annual cash flow totals $2,805/yr on $59,339 capital. ROI tracks 24.64% on current figures, and rental yield reads 9.58% at a $179,000 purchase. Equity gained on principal adds $1,155/yr, and 5% annual appreciation supports $49,454 over five years. Five-year ROI reaches 128.85% and total cumulative return in cash sums $76,455. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,429/mo property income instead of your personal income.
Condo
Built in 1966
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11772, Patchogue, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,762 (100%) |
| Owner Occupied HU | 11,091 (59.1%) |
| Renter Occupied HU | 6,465 (34.5%) |
| Vacant Housing Units | 1,206 ( 6.4%) |
| Median Home Value | $538,754 |
| Average Home Value | $606,322 |
Housing Distribution
Address Breakdown
Residential
17,139
Single Family
14,452
Multi-Family
2,687
Businesses
1,514
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