41 Fairharbor Drive UNIT 41PatchogueNY11772
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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 Patchogue at 41 Fairharbor Drive UNIT 41, Patchogue, NY, 11772 priced at $230,000 converts $5,498/mo rent into $3,003/mo cash flow after a $1,126/mo obligation. Total monthly income equals $5,498/mo, and annual cash flow totals $36,034/yr on $76,245 invested. Return on cash invested prints 67.17% in year one, and rental yield reads 28.69% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. Five-year ROI reaches 362.39% and total cumulative return in cash sums $276,307. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,498/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
$959 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11772, Patchogue, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,762 (100%) |
| Owner Occupied HU | 11,091 (59.1%) |
| Renter Occupied HU | 6,465 (34.5%) |
| Vacant Housing Units | 1,206 ( 6.4%) |
| Median Home Value | $538,754 |
| Average Home Value | $606,322 |
Housing Distribution
Address Breakdown
Residential
17,139
Single Family
14,452
Multi-Family
2,687
Businesses
1,514
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Listed by: Bryan J Karp • Coldwell Banker American Homes
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3576404
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