31 Hiawatha DriveBrightwatersNY11718
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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 Brightwaters at 31 Hiawatha Drive, Brightwaters, NY, 11718 priced at $699,000 pairs $6,000/mo rent with $1,332/mo cash flow after a $3,421/mo payment. Total monthly income equals $6,000/mo, and annual cash flow comes to $15,989/yr on $229,971 invested. Return on cash invested is 27.01% in year one, and rental yield stands at 10.3% on a $699,000 basis. Equity gained on principal adds $4,511/yr, and 5% annual appreciation accumulates to $193,121 by year five. Five-year ROI measures 141.55% and total cumulative return in cash reaches $325,526. For financing, Ziffy Mortgage’s DSCR program evaluates $6,000/mo property income against a $3,421/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1925
10,019 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11718, Brightwaters, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,070 (100%) |
| Owner Occupied HU | 959 (89.6%) |
| Renter Occupied HU | 83 ( 7.8%) |
| Vacant Housing Units | 28 ( 2.6%) |
| Median Home Value | $738,560 |
| Average Home Value | $823,058 |
Housing Distribution
Address Breakdown
Residential
1,135
Single Family
1,111
Multi-Family
24
Businesses
189
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Listed by: Yodi L. Young • Signature Premier Properties
Mls Name: OneKey MLS
Mls ID: #939053