50 Strawberry CommonsRiverheadNY11901
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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 Riverhead at 50 Strawberry Commons, Riverhead, NY, 11901 offers a 9.65% rental yield on a $452,500 purchase with $3,640/mo rent. Total monthly income registers $3,640/mo, and a $2,215/mo payment leaves $618/mo available for distribution. Annual cash flow reaches $7,416/yr on $150,004 to close, and return on cash invested stands at 24.85% in year one. Equity gained on principal adds $2,920/yr while 5% annual appreciation supports $125,017 over five years. Portfolio math shows five-year ROI at 130.02% and total cumulative return in cash at $195,035. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,640/mo property income against a $2,215/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11901, Riverhead, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,746 (100%) |
| Owner Occupied HU | 7,418 (58.2%) |
| Renter Occupied HU | 3,718 (29.2%) |
| Vacant Housing Units | 1,610 (12.6%) |
| Median Home Value | $577,542 |
| Average Home Value | $638,820 |
Housing Distribution
Address Breakdown
Residential
10,959
Single Family
9,878
Multi-Family
1,081
Businesses
1,459
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