101 Sylvan Avenue #84Miller 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
Rental property for sale in Miller Place at 101 Sylvan Avenue #84, Miller Place, NY, 11764 generates $2,468/mo in rent and, after a $1,258/mo payment, leaves $752/mo in cash flow. Total monthly income is $2,468/mo, and annual cash flow is $9,020/yr on $85,196 invested. Return on cash invested sits at 30.5% in year one, and rental yield is 11.52% on a $257,000 entry. Equity gained on principal adds $1,658/yr, while 5% annual appreciation builds toward $71,004 over five years. Five-year ROI reaches 160.26% and total cumulative return in cash sums $136,536. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,468/mo property income rather than buyer’s personal income.
Condo
Built in 1975
N/A 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: Stephanie B. Calinoff • Signature Premier Properties
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #L3581901
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