2820 Shipyard Lane #2C2East MarionNY11939
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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 Marion at 2820 Shipyard Lane #2C2, East Marion, NY, 11939 earns from $6,000/mo rent with a $4,596/mo payment. Total monthly income totals $6,000/mo. ROI tracks 19.01% on current figures, and rental yield reads 7.67% at a $939,000 purchase. Equity gained on principal adds $6,059/yr, and 5% annual appreciation supports $259,428 over five years. Five-year ROI reaches 98.63% and total cumulative return in cash sums $304,696. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,000/mo property income instead of your personal income.
Condo
Built in 1983
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11939, East Marion, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 942 (100%) |
| Owner Occupied HU | 414 (43.9%) |
| Renter Occupied HU | 75 ( 8.0%) |
| Vacant Housing Units | 453 (48.1%) |
| Median Home Value | $867,925 |
| Average Home Value | $982,500 |
Housing Distribution
Address Breakdown
Residential
562
Single Family
562
Multi-Family
0
Businesses
43
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Listed by: Christine Lanza • LIRG III LLC
Mls Name: OneKey MLS
Mls ID: #916730