61 Forge Road #29RiverheadNY11901
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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 Forge Road #29, Riverhead, NY, 11901 generates $2,345/mo in rent and, after a $1,713/mo payment, leaves $8/mo in cash flow. Total monthly income is $2,345/mo, and annual cash flow is $94/yr on $116,025 invested. Return on cash invested sits at 19.99% in year one, and rental yield is 8.04% on a $349,999 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,698 over five years. Five-year ROI reaches 103.91% and total cumulative return in cash sums $120,566. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,345/mo property income rather than buyer’s personal income.
Manufactured
Built in 2019
3,575 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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