Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Melville at 11 New Dorp Place, Melville, NY, 11747 offers $6,522/mo rent that, after a $3,842/mo payment, leaves $1,280/mo cash flow. Total monthly income is $6,522/mo, and annual cash flow is $15,361/yr on $258,265 cash. Return on cash invested measures 26.01% in year one, and rental yield stands at 9.97% at a $785,000 entry. Equity gained on principal adds $5,065/yr while 5% annual appreciation compounds into $216,881 by year five. Five-year ROI records 136.17% and total cumulative return in cash reaches $351,686. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,522/mo property income versus a $3,842/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 11747, Melville, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,945 (100%) |
| Owner Occupied HU | 6,327 (79.6%) |
| Renter Occupied HU | 1,193 (15.0%) |
| Vacant Housing Units | 425 ( 5.3%) |
| Median Home Value | $831,921 |
| Average Home Value | $903,171 |
Residential
7,762
Single Family
7,762
Multi-Family
0
Businesses
1,620
Date | Event | Price |
|---|---|---|
| 2025-08-05 | Sold | $785,000 |
| 2025-06-10 | Pending sale | $759,000 |
| 2025-05-28 | Listed for sale | $759,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-13 | N/A | N/A | $3,075 | N/A |
| 2023-10-13 | N/A | N/A | $3,075 | N/A |
| 2022-10-13 | N/A | N/A | $3,075 | N/A |
What's Special
Pull Stairs
Listed by: Bobbi H. Feigenbaum SRES • Signature Premier Properties
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #857573
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 OneKey MLS. All rights reserved.
