42 New York AveShelter Island HeightsNY11965
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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
Investment property for sale in Shelter Island Heights at 42 New York Ave, Shelter Island Heights, NY, 11965 offers a 3.94% rental yield on a $1,895,000 purchase with $6,216/mo rent. 82% in year one. Equity gained on principal adds $12,228/yr while 5% annual appreciation supports $523,554 over five years. Portfolio math shows five-year ROI at 33.57% and total cumulative return in cash at $206,141. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,216/mo property income against a $9,275/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1880
4,356 sqft lot
$N/A/sqft
$493 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11965, Shelter Island Heights, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,589 (100%) |
| Owner Occupied HU | 674 (42.4%) |
| Renter Occupied HU | 122 ( 7.7%) |
| Vacant Housing Units | 793 (49.9%) |
| Median Home Value | $995,000 |
| Average Home Value | $1,098,646 |
Housing Distribution
Address Breakdown
Residential
10
Single Family
10
Multi-Family
0
Businesses
74
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Listed by: Penelope Moore - Associate Real Estate Broker • Saunders & Associates
Mls Name: Out East
Mls ID: #384458