106 Soifer AvenueNorth BellmoreNY11710
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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 North Bellmore at 106 Soifer Avenue, North Bellmore, NY, 11710 uses $262,871 cash to close to unlock $6,529/yr annual cash flow and $544/mo monthly cash flow. Total monthly income runs $5,880/mo, and a $3,911/mo payment keeps the spread at $544/mo. Purchase price stands at $799,000, and rental yield measures 8.83% with $5,880/mo rent. Return on cash invested shows 22.54% in year one, and 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 117.6% and total cumulative return in cash records $309,126. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,880/mo property income covering a $3,911/mo payment rather than investor’s personal income.
Single Family
Built in 1949
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11710, Bellmore, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,935 (100%) |
| Owner Occupied HU | 10,258 (85.9%) |
| Renter Occupied HU | 1,331 (11.2%) |
| Vacant Housing Units | 346 ( 2.9%) |
| Median Home Value | $681,688 |
| Average Home Value | $733,626 |
Housing Distribution
Address Breakdown
Residential
11,396
Single Family
11,290
Multi-Family
106
Businesses
1,091
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Listed by: Badrul Chowdhury • RE/MAX Luxe
Mls Name: OneKey MLS
Mls ID: #917664