5 Morgan LaneLocust ValleyNY11560
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Locust Valley at 5 Morgan Lane, Locust Valley, NY, 11560 priced at $1,998,000 pairs $6,294/mo rent with after a $9,779/mo payment. Total monthly income equals $6,294/mo. Return on cash invested is 7.3% in year one, and rental yield stands at 3.78% on a $1,998,000 basis. Equity gained on principal adds $12,893/yr, and 5% annual appreciation accumulates to $552,011 by year five. Five-year ROI measures 35.8% and total cumulative return in cash reaches $231,783. For financing, Ziffy Mortgage’s DSCR program evaluates $6,294/mo property income against a $9,779/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2001
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11560, Locust Valley, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,612 (100%) |
| Owner Occupied HU | 1,842 (70.5%) |
| Renter Occupied HU | 555 (21.2%) |
| Vacant Housing Units | 215 ( 8.2%) |
| Median Home Value | $992,929 |
| Average Home Value | $1,257,448 |
Housing Distribution
Address Breakdown
Residential
2,336
Single Family
2,323
Multi-Family
13
Businesses
394
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Giuseppe Gregorio • NY Space Finders Inc
Mls Name: OneKey MLS
Mls ID: #944033