11 Ethan CircleMiddle IslandNY11953
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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 Middle Island at 11 Ethan Circle, Middle Island, NY, 11953 offers $3,079/mo rent that, after a $2,374/mo payment. Total monthly income is $3,079/mo. Return on cash invested measures 18.72% in year one, and rental yield stands at 7.62% at a $484,990 entry. Equity gained on principal adds $3,130/yr while 5% annual appreciation compounds into $133,994 by year five. Five-year ROI records 97.1% and total cumulative return in cash reaches $156,119. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,079/mo property income versus a $2,374/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1995
4,792 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11953, Middle Island, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,369 (100%) |
| Owner Occupied HU | 3,612 (67.3%) |
| Renter Occupied HU | 1,492 (27.8%) |
| Vacant Housing Units | 265 ( 4.9%) |
| Median Home Value | $427,596 |
| Average Home Value | $492,775 |
Housing Distribution
Address Breakdown
Residential
5,477
Single Family
5,477
Multi-Family
0
Businesses
352
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Listed by: William R. Tart GRI • H & G Realty New York
Mls Name: OneKey MLS
Mls ID: #901971