247 Main StCenter MorichesNY11934
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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 Center Moriches at 247 Main St, Center Moriches, NY, 11934 earns from $5,742/mo rent with a $6,852/mo payment. Total monthly income totals $5,742/mo. ROI tracks 10.83% on current figures, and rental yield reads 4.92% at a $1,400,000 purchase. Equity gained on principal adds $9,034/yr, and 5% annual appreciation supports $386,794 over five years. Five-year ROI reaches 54.71% and total cumulative return in cash sums $248,155. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,742/mo property income instead of your personal income.
Multi Family
Built in 1870
1.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11934, Center Moriches, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,050 (100%) |
| Owner Occupied HU | 2,254 (73.9%) |
| Renter Occupied HU | 598 (19.6%) |
| Vacant Housing Units | 198 ( 6.5%) |
| Median Home Value | $651,118 |
| Average Home Value | $703,026 |
Housing Distribution
Address Breakdown
Residential
2,973
Single Family
2,973
Multi-Family
0
Businesses
409
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Listed by: Cosmo Ficara - Associate Real Estate Broker • Coldwell Banker Reliable Real Estate
Mls Name: Out East
Mls ID: #393066