48 Watchogue AveEast 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
Investment property for sale in East Moriches at 48 Watchogue Ave, East Moriches, NY, 11940 with 5% annual appreciation on a $875,000 basis while $5,238/mo rent supports operations. 54% in year one. Equity gained on principal adds $5,646/yr, and five-year appreciation sums $241,746 alongside rental yield of 7.18%. Five-year ROI measures 90.73% and total cumulative return in cash totals $261,191. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,238/mo property income versus a $4,283/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1934
0.50 Acres lot
$N/A/sqft
No 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: Lauren Spiegel - Real Estate Sales Person • Douglas Elliman Real Estate
Mls Name: Out East
Mls ID: #392656