29 Brander PkwyShelter Island HeightsNY11965
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Shelter Island Heights at 29 Brander Pkwy, Shelter Island Heights, NY, 11965 priced at $1,895,000 pairs $5,890/mo rent with after a $9,275/mo payment. Total monthly income equals $5,890/mo. Return on cash invested is 7.15% in year one, and rental yield stands at 3.73% on a $1,895,000 basis. Equity gained on principal adds $12,228/yr, and 5% annual appreciation accumulates to $523,554 by year five. Five-year ROI measures 34.97% and total cumulative return in cash reaches $214,733. For financing, Ziffy Mortgage’s DSCR program evaluates $5,890/mo property income against a $9,275/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1969
1.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11965, Shelter Island Heights, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,589 (100%) |
| Owner Occupied HU | 674 (42.4%) |
| Renter Occupied HU | 122 ( 7.7%) |
| Vacant Housing Units | 793 (49.9%) |
| Median Home Value | $995,000 |
| Average Home Value | $1,098,646 |
Housing Distribution
Address Breakdown
Residential
10
Single Family
10
Multi-Family
0
Businesses
74
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Listed by: Penelope Moore - Associate Real Estate Broker • Saunders & Associates
Mls Name: Out East
Mls ID: #375450