306 East AveRiverheadNY11901
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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 306 East Ave, Riverhead, NY, 11901 offers $4,583/mo rent that, after a $3,684/mo payment. Total monthly income is $4,583/mo. Return on cash invested measures 17.91% in year one, and rental yield stands at 7.31% at a $752,700 entry. Equity gained on principal adds $4,857/yr while 5% annual appreciation compounds into $207,957 by year five. Five-year ROI records 92.74% and total cumulative return in cash reaches $229,657. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,583/mo property income versus a $3,684/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
5,662 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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