28 Plain View DrWading RiverNY11792
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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 Wading River at 28 Plain View Dr, Wading River, NY, 11792 uses $276,031 cash to close to unlock $28,509/yr annual cash flow and $2,376/mo monthly cash flow. Total monthly income runs $7,978/mo, and a $4,106/mo payment keeps the spread at $2,376/mo. Purchase price stands at $839,000, and rental yield measures 11.41% with $7,978/mo rent. Return on cash invested shows 30.39% in year one, and 5% annual appreciation builds toward $231,800 over five years. Five-year ROI reaches 159.64% and total cumulative return in cash records $440,664. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,978/mo property income covering a $4,106/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11792, Wading River, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,295 (100%) |
| Owner Occupied HU | 2,712 (82.3%) |
| Renter Occupied HU | 205 ( 6.2%) |
| Vacant Housing Units | 378 (11.5%) |
| Median Home Value | $662,509 |
| Average Home Value | $707,664 |
Housing Distribution
Address Breakdown
Residential
3,011
Single Family
3,011
Multi-Family
0
Businesses
319
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Listed by: Margot Reutter - Real Estate Sales Person • Corcoran Group
Mls Name: Out East
Mls ID: #390967