2820 Shipyard Ln UNIT 2C1East 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 UNIT 2C1, East Marion, NY, 11939 listed at $699,000 pairs $8,052/mo rent with a $3,421/mo payment to leave $2,604/mo cash flow. Total monthly income runs $8,052/mo, and annual cash flow reaches $31,253/yr on $229,971 cash to close. Return on cash invested measures 33.65% in year one, and rental yield registers 13.82% at a $699,000 basis. Equity gained on principal adds $4,511/yr, and annual property appreciation at 5% supports $193,121 by year five. Five-year ROI tracks 178.62% and total cumulative return in cash totals $410,786. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $8,052/mo property income relative to a $3,421/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1983
N/A lot
$N/A/sqft
$780 monthly 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 - Real Estate Sales Person • Compass
Mls Name: Out East
Mls ID: #380508