97 Echo AvenueMiller PlaceNY11764
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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 Miller Place at 97 Echo Avenue, Miller Place, NY, 11764 earns from $2,598/mo rent with a $2,491/mo payment. Total monthly income totals $2,598/mo. ROI tracks 14.32% on current figures, and rental yield reads 6.12% at a $509,000 purchase. Equity gained on principal adds $3,285/yr, and 5% annual appreciation supports $140,627 over five years. Five-year ROI reaches 73.51% and total cumulative return in cash sums $123,097. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,598/mo property income instead of your personal income.
Single Family
Built in 1970
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11764, Miller Place, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,385 (100%) |
| Owner Occupied HU | 3,847 (87.7%) |
| Renter Occupied HU | 343 ( 7.8%) |
| Vacant Housing Units | 195 ( 4.4%) |
| Median Home Value | $644,728 |
| Average Home Value | $674,877 |
Housing Distribution
Address Breakdown
Residential
4,195
Single Family
4,195
Multi-Family
0
Businesses
441
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Listed by: Jolie Powell CBR E-PRO • Jolie Powell Realty Inc
Mls Name: OneKey MLS
Mls ID: #907004