31 Palm DriveEast QuogueNY11942
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
Investment Highlights
Rental property for sale in East Quogue at 31 Palm Drive, East Quogue, NY, 11942 priced at $339,000 converts $2,469/mo rent into $205/mo cash flow after a $1,659/mo obligation. Total monthly income equals $2,469/mo, and annual cash flow totals $2,465/yr on $112,379 invested. Return on cash invested prints 22.1% in year one, and rental yield reads 8.74% against a $339,000 entry. Equity gained on principal adds $2,188/yr, while 5% annual appreciation compiles into $93,659 by year five. Five-year ROI reaches 115.25% and total cumulative return in cash sums $129,520. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,469/mo property income covering a $1,659/mo payment, not borrower’s personal income.
Manufactured
Built in 2019
2,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11942, East Quogue, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,149 (100%) |
| Owner Occupied HU | 1,845 (58.6%) |
| Renter Occupied HU | 339 (10.8%) |
| Vacant Housing Units | 965 (30.6%) |
| Median Home Value | $843,043 |
| Average Home Value | $893,469 |
Housing Distribution
Address Breakdown
Residential
2,535
Single Family
2,439
Multi-Family
96
Businesses
228
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Nearby investment properties with comparable prices
Listed by: John J. Tocco Jr • Fourth Neck Realty Inc
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #L3545270
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