4 Berry LaneMiller PlaceNY11764
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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 Miller Place at 4 Berry Lane, Miller Place, NY, 11764 priced at $520,000 converts $3,224/mo rent into after a $2,545/mo obligation. Total monthly income equals $3,224/mo. Return on cash invested prints 18.32% in year one, and rental yield reads 7.44% against a $520,000 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation compiles into $143,666 by year five. Five-year ROI reaches 94.94% and total cumulative return in cash sums $162,419. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,224/mo property income covering a $2,545/mo payment, not borrower’s personal income.
Single Family
Built in 1968
0.35 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
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Listed by: June A. Ellis • Howard Hanna Coach
Mls Name: OneKey MLS
Mls ID: #898595