81 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
Rental property for sale in Shelter Island at 81 N Midway Rd, Shelter Island, NY, 11964 offers $6,223/mo rent that, after a $6,828/mo payment. Total monthly income is $6,223/mo. Return on cash invested measures 12.16% in year one, and rental yield stands at 5.35% at a $1,395,000 entry. Equity gained on principal adds $9,002/yr while 5% annual appreciation compounds into $385,413 by year five. Five-year ROI records 61.84% and total cumulative return in cash reaches $279,526. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,223/mo property income versus a $6,828/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
0.38 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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Nearby investment properties with comparable prices
Listed by: Penelope Moore - Associate Real Estate Broker • Saunders & Associates
Mls Name: Out East
Mls ID: #375661