15 Artist Lake DriveMiddle 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
Investment property for sale in Middle Island at 15 Artist Lake Drive, Middle Island, NY, 11953 uses $73,593 cash to close to unlock $781/yr annual cash flow and $65/mo monthly cash flow. Total monthly income runs $1,548/mo, and a $1,087/mo payment keeps the spread at $65/mo. Purchase price stands at $222,000, and rental yield measures 8.37% with $1,548/mo rent. Return on cash invested shows 20.97% in year one, and 5% annual appreciation builds toward $61,335 over five years. Five-year ROI reaches 109.22% and total cumulative return in cash records $80,379. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,548/mo property income covering a $1,087/mo payment rather than investor’s personal income.
Condo
Built in 1974
1,421 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: Nicole A. Calandro • Cornerstone Properties of LI
Mls Name: OneKey MLS
Mls ID: #956752