970 Trumans PathEast MarionNY11939
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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 East Marion at 970 Trumans Path, East Marion, NY, 11939 generates $4,066/mo in rent, after a $4,890/mo payment. Total monthly income is $4,066/mo. Return on cash invested sits at 10.55% in year one, and rental yield is 4.88% on a $999,000 entry. Equity gained on principal adds $6,446/yr, while 5% annual appreciation builds toward $276,005 over five years. Five-year ROI reaches 53.25% and total cumulative return in cash sums $175,034. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,066/mo property income rather than buyer’s personal income.
Single Family
Built in 1917
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11939, East Marion, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 942 (100%) |
| Owner Occupied HU | 414 (43.9%) |
| Renter Occupied HU | 75 ( 8.0%) |
| Vacant Housing Units | 453 (48.1%) |
| Median Home Value | $867,925 |
| Average Home Value | $982,500 |
Housing Distribution
Address Breakdown
Residential
562
Single Family
562
Multi-Family
0
Businesses
43
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Listed by: Lambros Gavalas - Real Estate Sales Person • Douglas Elliman Real Estate
Mls Name: Out East
Mls ID: #383137