28 Pameeches PathEast MorichesNY11940
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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 East Moriches at 28 Pameeches Path, East Moriches, NY, 11940 earns from $3,269/mo rent with a $5,017/mo payment. Total monthly income totals $3,269/mo. ROI tracks 5.93% on current figures, and rental yield reads 3.83% at a $1,025,000 purchase. Equity gained on principal adds $6,614/yr, and 5% annual appreciation supports $283,189 over five years. Five-year ROI reaches 29% and total cumulative return in cash sums $96,316. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,269/mo property income instead of your personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
$420 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11940, East Moriches, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,327 (100%) |
| Owner Occupied HU | 1,663 (71.5%) |
| Renter Occupied HU | 422 (18.1%) |
| Vacant Housing Units | 242 (10.4%) |
| Median Home Value | $791,934 |
| Average Home Value | $874,062 |
Housing Distribution
Address Breakdown
Residential
2,071
Single Family
2,071
Multi-Family
0
Businesses
241
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Listed by: Lawrence Citarelli - Real Estate Broker • First Hampton International Realty
Mls Name: Out East
Mls ID: #388958