6893 Failing Shores LnThree mile bayNY13693
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 6893 Failing Shores Ln, Three mile bay, NY, 13693 in Three mile bay. Priced at $176,700, it generates $2,059/mo in gross rent and $879/mo in net monthly cash flow, a 13.98% yield that comfortably supports the 2.59 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $10,551. Five-year appreciation: $48,819. Equity from principal paydown: $1,627/yr. Total projected cumulative return: $123,928.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 14% | 6.2% |
| Monthly Cash Flow | $879 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,059 |
| Total Monthly Debt Service | $1,110 |
| DSCR Ratio | 1.86x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1988
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13693, Three Mile Bay, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,081 (100%) |
| Owner Occupied HU | 215 (19.9%) |
| Renter Occupied HU | 15 ( 1.4%) |
| Vacant Housing Units | 851 (78.7%) |
| Median Home Value | $298,750 |
| Average Home Value | $313,942 |
Housing Distribution
Address Breakdown
Residential
381
Single Family
381
Multi-Family
0
Businesses
9
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1988
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13693, Three Mile Bay, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,081 (100%) |
| Owner Occupied HU | 215 (19.9%) |
| Renter Occupied HU | 15 ( 1.4%) |
| Vacant Housing Units | 851 (78.7%) |
| Median Home Value | $298,750 |
| Average Home Value | $313,942 |
Housing Distribution
Address Breakdown
Residential
381
Single Family
381
Multi-Family
0
Businesses
9
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A