42 Millstone LnCutchogueNY11935
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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 Cutchogue at 42 Millstone Ln, Cutchogue, NY, 11935 priced at $999,000 pairs $9,600/mo rent with $2,878/mo cash flow after a $4,890/mo payment. Total monthly income equals $9,600/mo, and annual cash flow comes to $34,541/yr on $328,671 invested. Return on cash invested is 30.57% in year one, and rental yield stands at 11.53% on a $999,000 basis. Equity gained on principal adds $6,446/yr, and 5% annual appreciation accumulates to $276,005 by year five. Five-year ROI measures 160.69% and total cumulative return in cash reaches $528,146. For financing, Ziffy Mortgage’s DSCR program evaluates $9,600/mo property income against a $4,890/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2019
N/A lot
$N/A/sqft
$50 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11935, Cutchogue, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,200 (100%) |
| Owner Occupied HU | 1,239 (56.3%) |
| Renter Occupied HU | 232 (10.5%) |
| Vacant Housing Units | 729 (33.1%) |
| Median Home Value | $895,566 |
| Average Home Value | $1,073,107 |
Housing Distribution
Address Breakdown
Residential
1,714
Single Family
1,714
Multi-Family
0
Businesses
225
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