600 ParkwaySoutholdNY11971
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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
Rental property for sale in Southold at 600 Parkway, Southold, NY, 11971 priced at $889,000 converts $7,200/mo rent into $1,264/mo cash flow after a $4,351/mo obligation. Total monthly income equals $7,200/mo, and annual cash flow totals $15,163/yr on $292,481 invested. Return on cash invested prints 25.24% in year one, and rental yield reads 9.72% against a $889,000 entry. Equity gained on principal adds $5,737/yr, while 5% annual appreciation compiles into $245,614 by year five. Five-year ROI reaches 132.07% and total cumulative return in cash sums $386,270. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,200/mo property income covering a $4,351/mo payment, not borrower’s personal income.
Single Family
Built in 1972
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11971, Southold, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,335 (100%) |
| Owner Occupied HU | 2,232 (51.5%) |
| Renter Occupied HU | 421 ( 9.7%) |
| Vacant Housing Units | 1,682 (38.8%) |
| Median Home Value | $805,816 |
| Average Home Value | $905,335 |
Housing Distribution
Address Breakdown
Residential
3,098
Single Family
3,056
Multi-Family
42
Businesses
361
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