1 Atlantic Avenue #45FarmingdaleNY11735
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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 Farmingdale at 1 Atlantic Avenue #45, Farmingdale, NY, 11735 priced at $459,000 converts $2,926/mo rent into after a $2,247/mo obligation. Total monthly income equals $2,926/mo. Return on cash invested prints 18.81% in year one, and rental yield reads 7.65% against a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation compiles into $126,813 by year five. Five-year ROI reaches 97.59% and total cumulative return in cash sums $148,487. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,926/mo property income covering a $2,247/mo payment, not borrower’s personal income.
Condo
Built in 1985
2.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11735, Farmingdale, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,052 (100%) |
| Owner Occupied HU | 8,861 (73.5%) |
| Renter Occupied HU | 2,655 (22.0%) |
| Vacant Housing Units | 536 ( 4.4%) |
| Median Home Value | $616,913 |
| Average Home Value | $640,330 |
Housing Distribution
Address Breakdown
Residential
10,955
Single Family
9,703
Multi-Family
1,252
Businesses
2,424
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Listed by: Margaret D. Grub SRS ABR • Century 21 AA Realty
Mls Name: OneKey MLS
Mls ID: #955752