79-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 79-A N Midway Rd, Shelter Island, NY, 11964 offers a 9.7% rental yield on a $1,495,000 purchase with $12,089/mo rent. Total monthly income registers $12,089/mo, and a $7,317/mo payment leaves $2,106/mo available for distribution. Annual cash flow reaches $25,271/yr on $484,380 to close, and return on cash invested stands at 25.59% in year one. Equity gained on principal adds $9,647/yr while 5% annual appreciation supports $413,041 over five years. Portfolio math shows five-year ROI at 133.84% and total cumulative return in cash at $648,301. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $12,089/mo property income against a $7,317/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
1.04 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: Marika Kaasik - Real Estate Sales Person • Daniel Gale Sotheby's International Realty
Mls Name: Out East
Mls ID: #382902