560 Griffing StreetCutchogueNY11935
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
Investment property for sale in Cutchogue at 560 Griffing Street, Cutchogue, NY, 11935 offers a 46.99% rental yield on a $1,699,999 purchase with $66,565/mo rent. Total monthly income registers $66,565/mo, and a $8,321/mo payment leaves $55,212/mo available for distribution. Annual cash flow reaches $662,548/yr on $550,800 to close, and return on cash invested stands at 140.66% in year one. Equity gained on principal adds $10,970/yr while 5% annual appreciation supports $469,678 over five years. Portfolio math shows five-year ROI at 750.92% and total cumulative return in cash at $4,136,047. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $66,565/mo property income against a $8,321/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11935, Cutchogue, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,200 (100%) |
| Owner Occupied HU | 1,239 (56.3%) |
| Renter Occupied HU | 232 (10.5%) |
| Vacant Housing Units | 729 (33.1%) |
| Median Home Value | $895,566 |
| Average Home Value | $1,073,107 |
Housing Distribution
Address Breakdown
Residential
1,714
Single Family
1,714
Multi-Family
0
Businesses
225
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott V Bennett • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3549423
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.