65 N Midway RdShelter IslandNY11964
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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 Shelter Island at 65 N Midway Rd, Shelter Island, NY, 11964 earns from $4,240/mo rent with a $5,751/mo payment. Total monthly income totals $4,240/mo. ROI tracks 9% on current figures, and rental yield reads 4.33% at a $1,175,000 purchase. Equity gained on principal adds $7,582/yr, and 5% annual appreciation supports $324,631 over five years. Five-year ROI reaches 44.91% and total cumulative return in cash sums $170,974. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,240/mo property income instead of your personal income.
Single Family
Built in 1954
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11964, Shelter Island, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,130 (100%) |
| Owner Occupied HU | 514 (45.5%) |
| Renter Occupied HU | 157 (13.9%) |
| Vacant Housing Units | 459 (40.6%) |
| Median Home Value | $939,167 |
| Average Home Value | $1,071,080 |
Housing Distribution
Address Breakdown
Residential
52
Single Family
52
Multi-Family
0
Businesses
130
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Listed by: Michael Brennan - Real Estate Sales Person • Douglas Elliman Real Estate
Mls Name: Out East
Mls ID: #391707