291 W Midland Pond UNIT 291MorichesNY11955
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowReliable, bankable, and well-priced, 291 W Midland Pond UNIT 291, Moriches, NY, 11955 in Moriches delivers $5,317/mo in gross rent and $476/mo in net monthly income at a $589,000 entry. The 10.83% yield and 2.01 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $162,730 over five years and $5,425/yr in equity from loan paydown, total projected return is $259,136.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 6.2% |
| Monthly Cash Flow | $476 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $5,317 |
| Total Monthly Debt Service | $4,607 |
| DSCR Ratio | 1.15x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1987
1,888 sqft lot
$N/A/sqft
$908 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11955, Moriches, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,610 (100%) |
| Owner Occupied HU | 777 (48.3%) |
| Renter Occupied HU | 729 (45.3%) |
| Vacant Housing Units | 104 ( 6.5%) |
| Median Home Value | $600,818 |
| Average Home Value | $645,000 |
Housing Distribution
Address Breakdown
Residential
1,629
Single Family
1,629
Multi-Family
0
Businesses
140
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
Condo
Built in 1987
1,888 sqft lot
$N/A/sqft
$908 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11955, Moriches, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,610 (100%) |
| Owner Occupied HU | 777 (48.3%) |
| Renter Occupied HU | 729 (45.3%) |
| Vacant Housing Units | 104 ( 6.5%) |
| Median Home Value | $600,818 |
| Average Home Value | $645,000 |
Housing Distribution
Address Breakdown
Residential
1,629
Single Family
1,629
Multi-Family
0
Businesses
140
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices