479 Harbor RdCold Spring HarborNY11724
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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 Cold Spring Harbor at 479 Harbor Rd, Cold Spring Harbor, NY, 11724 priced at $725,000 converts $5,476/mo rent into $634/mo cash flow after a $3,549/mo obligation. Total monthly income equals $5,476/mo, and annual cash flow totals $7,609/yr on $238,525 invested. Return on cash invested prints 23.25% in year one, and rental yield reads 9.06% against a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation compiles into $200,304 by year five. Five-year ROI reaches 121.39% and total cumulative return in cash sums $289,541. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,476/mo property income covering a $3,549/mo payment, not borrower’s personal income.
Single Family
Built in N/A
2.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11724, Cold Spring Harbor, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,027 (100%) |
| Owner Occupied HU | 897 (87.3%) |
| Renter Occupied HU | 79 ( 7.7%) |
| Vacant Housing Units | 51 ( 5.0%) |
| Median Home Value | $1,376,984 |
| Average Home Value | $1,451,187 |
Housing Distribution
Address Breakdown
Residential
1,052
Single Family
1,052
Multi-Family
0
Businesses
170
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Listed by: Eitan Finkelstein • FINKELSTEIN REALTY LLC
Mls Name: NY State MLS
Mls ID: #11512455