2820 Shipyard LnEast 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 Ln, East Marion, NY, 11939 with 5% annual appreciation on a $699,000 basis while $10,655/mo rent supports operations. Total monthly income totals $10,655/mo and a $3,421/mo payment preserves $5,987/mo for cash returns. Annual cash flow comes to $71,849/yr on $229,971 deployed, and return on cash invested reaches 51.3% in year one. Equity gained on principal adds $4,511/yr, and five-year appreciation sums $193,121 alongside rental yield of 18.29%. Five-year ROI measures 271.81% and total cumulative return in cash totals $625,082.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $10,655/mo property income versus a $3,421/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1983
N/A 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: Diane Mollica • Compass
Mls Name: NY State MLS
Mls ID: #11268121