10 Smithtown Blvd Blvd Apt 7BSmithtownNY11787
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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 Smithtown at 10 Smithtown Blvd Blvd Apt 7B, Smithtown, NY, 11787 priced at $249,990 converts $1,675/mo rent into $5/mo cash flow after a $1,224/mo obligation. Total monthly income equals $1,675/mo, and annual cash flow totals $62/yr on $82,872 invested. Return on cash invested prints 19.98% in year one, and rental yield reads 8.04% against a $249,990 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,068 by year five. Five-year ROI reaches 103.93% and total cumulative return in cash sums $86,131. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,675/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Condo
Built in 1964
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11787, Smithtown, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,658 (100%) |
| Owner Occupied HU | 10,580 (83.6%) |
| Renter Occupied HU | 1,536 (12.1%) |
| Vacant Housing Units | 542 ( 4.3%) |
| Median Home Value | $670,029 |
| Average Home Value | $711,847 |
Housing Distribution
Address Breakdown
Residential
12,038
Single Family
11,617
Multi-Family
421
Businesses
1,316
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