240 Wicks RdNew SuffolkNY11956
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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 New Suffolk at 240 Wicks Rd, New Suffolk, NY, 11956 generates $5,438/mo in rent, after a $4,234/mo payment. Total monthly income is $5,438/mo. Return on cash invested sits at 18.63% in year one, and rental yield is 7.54% on a $865,000 entry. Equity gained on principal adds $5,582/yr, while 5% annual appreciation builds toward $238,984 over five years. Five-year ROI reaches 96.61% and total cumulative return in cash sums $274,935. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,438/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11956, New Suffolk, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 311 (100%) |
| Owner Occupied HU | 154 (49.5%) |
| Renter Occupied HU | 25 ( 8.0%) |
| Vacant Housing Units | 132 (42.4%) |
| Median Home Value | $928,571 |
| Average Home Value | $1,028,734 |
Housing Distribution
Address Breakdown
Residential
5
Single Family
5
Multi-Family
0
Businesses
15
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Listed by: Nicholas J. Planamento - Real Estate Sales Person • William Raveis Real Estate
Mls Name: Out East
Mls ID: #391311