3 J P LanePine IslandNY10969
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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 Pine Island at 3 J P Lane, Pine Island, NY, 10969 generates $3,000/mo in rent and, after a $1,953/mo payment, leaves $335/mo in cash flow. Total monthly income is $3,000/mo, and annual cash flow is $4,025/yr on $132,269 invested. Return on cash invested sits at 22.95% in year one, and rental yield is 9.02% on a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 119.82% and total cumulative return in cash sums $158,486. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,000/mo property income rather than buyer’s personal income.
Single Family
Built in 1931
1.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10969, Pine Island, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 536 (100%) |
| Owner Occupied HU | 381 (71.1%) |
| Renter Occupied HU | 88 (16.4%) |
| Vacant Housing Units | 67 (12.5%) |
| Median Home Value | $529,647 |
| Average Home Value | $570,171 |
Housing Distribution
Address Breakdown
Residential
361
Single Family
361
Multi-Family
0
Businesses
112
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Listed by: Rebecca A. Bank • Keller Williams Realty
Mls Name: OneKey MLS
Mls ID: #899042