130 Cinnamon CourtMelvilleNY11747
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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 Melville at 130 Cinnamon Court, Melville, NY, 11747 priced at $960,000 converts $4,879/mo rent into after a $4,699/mo obligation. Total monthly income equals $4,879/mo. Return on cash invested prints 14.24% in year one, and rental yield reads 6.1% against a $960,000 entry. Equity gained on principal adds $6,195/yr, while 5% annual appreciation compiles into $265,230 by year five. Five-year ROI reaches 73.05% and total cumulative return in cash sums $230,709. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,879/mo property income covering a $4,699/mo payment, not borrower’s personal income.
Condo
Built in 1998
2,614 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11747, Melville, NY area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
7,762
Single Family
7,762
Multi-Family
0
Businesses
1,620
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