315 Erik DriveEast SetauketNY11733
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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 East Setauket at 315 Erik Drive, East Setauket, NY, 11733 uses $230,136 cash to close to unlock $4,183/yr annual cash flow and $349/mo monthly cash flow. Total monthly income runs $5,020/mo, and a $3,424/mo payment keeps the spread at $349/mo. Purchase price stands at $699,500, and rental yield measures 8.61% with $5,020/mo rent. Return on cash invested shows 21.88% in year one, and 5% annual appreciation builds toward $193,259 over five years. Five-year ROI reaches 114.02% and total cumulative return in cash records $262,407. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,020/mo property income covering a $3,424/mo payment rather than investor’s personal income.
Condo
Built in 1998
1,083 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11733, East Setauket, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,801 (100%) |
| Owner Occupied HU | 5,867 (86.3%) |
| Renter Occupied HU | 572 ( 8.4%) |
| Vacant Housing Units | 362 ( 5.3%) |
| Median Home Value | $680,992 |
| Average Home Value | $767,072 |
Housing Distribution
Address Breakdown
Residential
6,109
Single Family
5,795
Multi-Family
314
Businesses
768
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Listed by: Cynthia A. Fiore • Realty Connect USA L I Inc
Mls Name: OneKey MLS
Mls ID: #918498