36 Corbett DriveEast QuogueNY11942
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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 East Quogue at 36 Corbett Drive, East Quogue, NY, 11942 offers $4,831/mo rent that, after a $7,586/mo payment. Total monthly income is $4,831/mo. Return on cash invested measures 7.18% in year one, and rental yield stands at 3.74% at a $1,550,000 entry. Equity gained on principal adds $10,002/yr while 5% annual appreciation compounds into $428,236 by year five. Five-year ROI records 35.15% and total cumulative return in cash reaches $176,509. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,831/mo property income versus a $7,586/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
1.24 Acres 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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Listed by: Kitty P. Stein • Better Homes Marketing Inc
Mls Name: OneKey MLS
Mls ID: #823412