48 Pameeches PathEast MorichesNY11940
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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 East Moriches at 48 Pameeches Path, East Moriches, NY, 11940 priced at $1,050,000 converts $4,790/mo rent into after a $5,139/mo obligation. Total monthly income equals $4,790/mo. Return on cash invested prints 10.36% in year one, and rental yield reads 5.47% against a $1,050,000 entry. Equity gained on principal adds $6,775/yr, while 5% annual appreciation compiles into $290,096 by year five. Five-year ROI reaches 53.01% and total cumulative return in cash sums $180,341. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,790/mo property income covering a $5,139/mo payment, not borrower’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$615 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11940, East Moriches, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,327 (100%) |
| Owner Occupied HU | 1,663 (71.5%) |
| Renter Occupied HU | 422 (18.1%) |
| Vacant Housing Units | 242 (10.4%) |
| Median Home Value | $791,934 |
| Average Home Value | $874,062 |
Housing Distribution
Address Breakdown
Residential
2,071
Single Family
2,071
Multi-Family
0
Businesses
241
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Listed by: Kristen Smyth - Real Estate Sales Person • Corcoran Group
Mls Name: Out East
Mls ID: #385898