45 Halley 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 45 Halley Lane, Miller Place, NY, 11764 priced at $650,000 converts $2,598/mo rent into after a $3,181/mo obligation. Total monthly income equals $2,598/mo. Return on cash invested prints 10.28% in year one, and rental yield reads 4.8% against a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation compiles into $179,583 by year five. Five-year ROI reaches 51.83% and total cumulative return in cash sums $110,846. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,598/mo property income covering a $3,181/mo payment, not borrower’s personal income.
Condo
Built in 2005
6,534 sqft 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: Steven Rueda • Coldwell Banker M&D Good Life
Mls Name: OneKey MLS
Mls ID: #933352