61 Fairway AvenueRiverheadNY11901
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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 Riverhead at 61 Fairway Avenue, Riverhead, NY, 11901 generates $3,678/mo in rent, after a $4,038/mo payment. Total monthly income is $3,678/mo. Return on cash invested sits at 11.96% in year one, and rental yield is 5.35% on a $825,000 entry. Equity gained on principal adds $5,324/yr, while 5% annual appreciation builds toward $227,932 over five years. Five-year ROI reaches 60.85% and total cumulative return in cash sums $165,165. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,678/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
0.28 Acres 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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