7 Howell PlSpeonkNY11972
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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 Speonk at 7 Howell Pl, Speonk, NY, 11972 priced at $589,000 converts $4,003/mo rent into $70/mo cash flow after a $2,883/mo obligation. Total monthly income equals $4,003/mo, and annual cash flow totals $835/yr on $193,781 invested. Return on cash invested prints 20.49% in year one, and rental yield reads 8.16% against a $589,000 entry. Equity gained on principal adds $3,801/yr, while 5% annual appreciation compiles into $162,730 by year five. Five-year ROI reaches 106.58% and total cumulative return in cash sums $206,534. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,003/mo property income covering a $2,883/mo payment, not borrower’s personal income.
Single Family
Built in 1961
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11972, Speonk, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 417 (100%) |
| Owner Occupied HU | 280 (67.1%) |
| Renter Occupied HU | 65 (15.6%) |
| Vacant Housing Units | 72 (17.3%) |
| Median Home Value | $787,500 |
| Average Home Value | $766,250 |
Housing Distribution
Address Breakdown
Residential
17
Single Family
17
Multi-Family
0
Businesses
115
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