39 Independence WayMiller PlaceNY11764
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable, bankable, and well-priced, 39 Independence Way, Miller Place, NY, 11764 in Miller Place delivers $7,440/mo in gross rent and $762/mo in net monthly income at a $999,999 entry. The 8.93% yield and 1.65 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $276,281 over five years and $9,210/yr in equity from loan paydown, total projected return is $430,338.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 6.2% |
| Monthly Cash Flow | $762 | $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 | $7,440 |
| Total Monthly Debt Service | $6,280 |
| DSCR Ratio | 1.18x |
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.
Single Family
Built in 2004
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11764, Miller Place, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,385 (100%) |
| Owner Occupied HU | 3,847 (87.7%) |
| Renter Occupied HU | 343 ( 7.8%) |
| Vacant Housing Units | 195 ( 4.4%) |
| Median Home Value | $644,728 |
| Average Home Value | $674,877 |
Housing Distribution
Address Breakdown
Residential
4,195
Single Family
4,195
Multi-Family
0
Businesses
441
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
Single Family
Built in 2004
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11764, Miller Place, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,385 (100%) |
| Owner Occupied HU | 3,847 (87.7%) |
| Renter Occupied HU | 343 ( 7.8%) |
| Vacant Housing Units | 195 ( 4.4%) |
| Median Home Value | $644,728 |
| Average Home Value | $674,877 |
Housing Distribution
Address Breakdown
Residential
4,195
Single Family
4,195
Multi-Family
0
Businesses
441
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vincent P. Fiore CBR • RYLIA Homes Inc
Mls Name: OneKey MLS
Mls ID: #957124