8 Cobbetts LnShelter 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 8 Cobbetts Ln, Shelter Island, NY, 11964 projects strong ROI of 41.22%.
With 5% annual appreciation, the property builds $2,693,745 in value over five years. Equity growth combined with cash flow delivers a projected five-year ROI of 217.68%, translating into $6,876,577 in total cumulative return on $3,159,000 invested capital.
You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 2023
2 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: Kerry Gaynor - Real Estate Sales Person • VORO Inc.
Mls Name: Out East
Mls ID: #375694