29 Lakeview DriveRiverheadNY11901
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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
Rental property for sale in Riverhead at 29 Lakeview Drive, Riverhead, NY, 11901 priced at $599,999 pairs $5,055/mo rent with $1,048/mo cash flow after a $2,937/mo payment. Total monthly income equals $5,055/mo, and annual cash flow comes to $12,576/yr on $197,400 invested. Return on cash invested is 26.43% in year one, and rental yield stands at 10.11% on a $599,999 basis. Equity gained on principal adds $3,872/yr, and 5% annual appreciation accumulates to $165,769 by year five. Five-year ROI measures 138.43% and total cumulative return in cash reaches $273,251. For financing, Ziffy Mortgage’s DSCR program evaluates $5,055/mo property income against a $2,937/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1991
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11901, Riverhead, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,746 (100%) |
| Owner Occupied HU | 7,418 (58.2%) |
| Renter Occupied HU | 3,718 (29.2%) |
| Vacant Housing Units | 1,610 (12.6%) |
| Median Home Value | $577,542 |
| Average Home Value | $638,820 |
Housing Distribution
Address Breakdown
Residential
10,959
Single Family
9,878
Multi-Family
1,081
Businesses
1,459
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Listed by: Adrienne M. Governali AHWD • Shine Realty Group
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #841294
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