35 Stargazer Drive UNIT 35EastportNY11941
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 35 Stargazer Drive UNIT 35, Eastport, NY, 11941 in Eastport deserves attention. This $1,179,000 property earns $42,000/mo in rent, a 42.75% gross yield, and nets $33,411/mo after the $5,302/mo payment. DSCR 7.92 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $325,736 compounds alongside $10,859/yr in yearly equity build, for a total cumulative return of $2,602,629.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 42.8% | 6.2% |
| Monthly Cash Flow | $33,411 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $42,000 |
| Total Monthly Debt Service | $8,120 |
| DSCR Ratio | 5.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2017
2,315 sqft lot
$N/A/sqft
$716 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11941, Eastport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,188 (100%) |
| Owner Occupied HU | 902 (75.9%) |
| Renter Occupied HU | 149 (12.5%) |
| Vacant Housing Units | 137 (11.5%) |
| Median Home Value | $728,908 |
| Average Home Value | $833,415 |
Housing Distribution
Address Breakdown
Residential
1,029
Single Family
1,029
Multi-Family
0
Businesses
178
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
Condo
Built in 2017
2,315 sqft lot
$N/A/sqft
$716 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11941, Eastport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,188 (100%) |
| Owner Occupied HU | 902 (75.9%) |
| Renter Occupied HU | 149 (12.5%) |
| Vacant Housing Units | 137 (11.5%) |
| Median Home Value | $728,908 |
| Average Home Value | $833,415 |
Housing Distribution
Address Breakdown
Residential
1,029
Single Family
1,029
Multi-Family
0
Businesses
178
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices