3 Wedgewood CourtMiller PlaceNY11764
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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 Miller Place at 3 Wedgewood Court, Miller Place, NY, 11764 with 5% annual appreciation on a $644,850 basis while $3,541/mo rent supports operations. 73% in year one. Equity gained on principal adds $4,161/yr, and five-year appreciation sums $178,160 alongside rental yield of 6.59%. Five-year ROI measures 81.08% and total cumulative return in cash totals $172,013. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,541/mo property income versus a $3,156/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11764, Miller Place, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,385 (100%) |
| Owner Occupied HU | 3,847 (87.7%) |
| Renter Occupied HU | 343 ( 7.8%) |
| Vacant Housing Units | 195 ( 4.4%) |
| Median Home Value | $644,728 |
| Average Home Value | $674,877 |
Housing Distribution
Address Breakdown
Residential
4,195
Single Family
4,195
Multi-Family
0
Businesses
441
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Listed by: Matthew K. Kochman • Old Orchard Estates R E Inc
Mls Name: OneKey MLS
Mls ID: #905399