12 Ida LaneNorth BabylonNY11703
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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 North Babylon at 12 Ida Lane, North Babylon, NY, 11703 generates $5,400/mo in rent and, after a $3,268/mo payment, leaves $941/mo in cash flow. Total monthly income is $5,400/mo, and annual cash flow is $11,296/yr on $219,658 invested. Return on cash invested sits at 25.2% in year one, and rental yield is 9.71% on a $667,654 entry. Equity gained on principal adds $4,308/yr, while 5% annual appreciation builds toward $184,460 over five years. Five-year ROI reaches 131.86% and total cumulative return in cash sums $289,632. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,400/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
6,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11703, North Babylon, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,998 (100%) |
| Owner Occupied HU | 4,813 (80.2%) |
| Renter Occupied HU | 985 (16.4%) |
| Vacant Housing Units | 200 ( 3.3%) |
| Median Home Value | $554,797 |
| Average Home Value | $642,297 |
Housing Distribution
Address Breakdown
Residential
5,640
Single Family
5,640
Multi-Family
0
Businesses
357
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Listed by: Steven J. Rainone CBR SRES • Netter Real Estate Inc
Mls Name: OneKey MLS
Mls ID: #946650