66-A 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 66-A N Midway Rd, Shelter Island, NY, 11964 offers a 5.36% rental yield on a $1,675,000 purchase with $7,486/mo rent. 19% in year one. Equity gained on principal adds $10,809/yr while 5% annual appreciation supports $462,772 over five years. Portfolio math shows five-year ROI at 62% and total cumulative return in cash at $336,498. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,486/mo property income against a $8,198/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
1 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: Penelope Moore • SAUNDERS & ASSOCIATES
Mls Name: NY State MLS
Mls ID: #11502807