5 Wade RdShelter IslandNY11964
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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 Shelter Island at 5 Wade Rd, Shelter Island, NY, 11964 with 5% annual appreciation on a $1,499,000 basis while $5,359/mo rent supports operations. 88% in year one. Equity gained on principal adds $9,673/yr, and five-year appreciation sums $414,146 alongside rental yield of 4.29%. Five-year ROI measures 44.25% and total cumulative return in cash totals $214,893. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,359/mo property income versus a $7,337/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1967
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11964, Shelter Island, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,130 (100%) |
| Owner Occupied HU | 514 (45.5%) |
| Renter Occupied HU | 157 (13.9%) |
| Vacant Housing Units | 459 (40.6%) |
| Median Home Value | $939,167 |
| Average Home Value | $1,071,080 |
Housing Distribution
Address Breakdown
Residential
52
Single Family
52
Multi-Family
0
Businesses
130
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Listed by: Rosanna Piazza - Associate Real Estate Broker • Signature Premier Properties
Mls Name: Out East
Mls ID: #386802